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Money News

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

Steven Mnuchin, national finance chairman for Republican president-elect Donald Trump, arrives at Trump Tower in New York, U.S. November 15, 2016. REUTERS/Carlo Allegri/Files

WASHINGTON (Reuters) - 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.

Reporting by Susan Heavey and David Lawder

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