Oracle's responsibility is evident from the agreement being formed to sell the popular Chinese app to a consortium of American investors, said the official on Monday, reports Bloomberg.
The agreement being drafted aims to ensure that the American buyers control the software in the USA after the Chinese Bytedance sale.
Beijing stopped
The owners of the new US-based Tiktok will, according to the agreement, rent a copy of the algorithm from Chinese Bytedance. Data from American users will be stored in a secure cloud controlled by Oracle and not be available to "foreign adversaries", such as China, according to the official.
Beijing-based Bytedance will not have access to information about Tiktok's American subscribers and will not have control over the algorithm in the USA.
"Oracle, the American security partner, will operate, re-educate and continuously monitor the American algorithm to ensure that the content is free from improper manipulation or surveillance", said an unnamed person at a press conference in connection with the White House statement on Monday.
Interest from Murdoch
Previous information suggests that Tiktok's operations in the USA will be acquired by a consortium that includes Oracle, the venture capital companies Andreessen Horowitz and Silver Lake Management.
According to President Donald Trump, media mogul Rupert Murdoch and his son Lachlan are also interested in investing in Tiktok on the American market.
I think they will be part of that group (of investors) with a few other very good and prominent people, says Trump in an interview with Fox News.
The USA has demanded that Tiktok's Chinese owner Bytedance sell its American social media operations but has on several occasions postponed the deadline. The latest deadline for the Tiktok agreement between the USA and China has been extended to December 16.
