Steven Mnuchin
TikTok will now have two more weeks, until Nov. 27, to reach an agreement with Oracle and Walmart and persuade the U.S. government to approve the proposed deal, a court filing on Friday showed. The company said on Tuesday that it requested an extension of 30 days to complete the sale but had not heard from the government for weeks.
Last October, the Committee on Foreign Investment in the U.S., which investigates the national security risks of certain business deals, began examining ByteDance's 2017 acquisition of Musical.ly, a Chinese-owned lip-syncing app that became a hit among teens in the U.S. and would be relaunched as TikTok. The review came at the urging of Sen. Marco Rubio, R-Fla., who wrote a letter to Treasury Secretary Steve Mnuchin raising fears about political censorship and the possibility that the Chinese Communist Party could use the app to advance its foreign policy agenda.
Oracle has confirmed that it has made a deal with ByteDance over a TikTok partnership, the company announced on Monday.
"Oracle confirms Secretary Mnuchin’s statement that it is part of the proposal submitted by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider," so Oracle in a statement.
"I will just say from our standpoint, we’ll need to make sure that the code is, one, secure, Americans’ data is secure, that the phones are secure and we’ll be looking to have discussions with Oracle over the next few days with our technical teams," so Secretary Steven Mnuchin, who said that the government is planning to review the deal this week.
Steven Mnuchin the United States Secretary of the Treasury has announced that family members of dead people who have accidentally gotten the "stimulus check" as Covid-19 support should pay back the money to the financial authorities. In total $1,4 billion have been paid to dead people because the authorities in charge ignored or forgot the official reports on dead people.
In order to combat the economical consequences of the coronavirus outbreak, Treasury Secretary Steven Mnuchin has announced they'd be "looking at sending checks to Americans immediately" following the shutdown of many businesses across America. “Americans need cash now and the president wants to get cash now. And I mean now in the next two weeks", Mnuchin added.