Looking into Oracle-TikTok deal to ensure no compromise on national security: Trump

US President Donald Trump has said he is looking into American major Oracle’s reported bid for the Chinese-owned video-sharing app TikTok and want to ensure there is no compromise on national security before approving the deal.

Last month, Trump signed an executive order to ban TikTok and WeChat by September 15 unless the ownership of the two Chinese companies changed to American.

Initially, Microsoft was involved in talks with ByteDance that owns the TikTok platform. However, now Oracle has entered into a deal in this regard with ByteDance.

Trump told reporters at the White House that before approving the deal, he would like to ensure that there is no compromise on national security and that the US Treasury gets a large chunk of the business transactions.