U.S. Treasury's Mnuchin says any deal for TikTok will protect U.S. data

WASHINGTON U.S. Treasury Secretary Mnuchin on Tuesday declined comment about a report that Oracle Corp had entered the bidding for TikTok, but said any deal to acquire the Chinese-owned short video app would protect U.S. data.

“We’re looking at all the different issues and I can assure that any deal that gets approved will make sure that American data is protected and that this becomes a U.S.-based company,” Mnuchin said on CNBC television when asked about the Financial Times report.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor