The deadline is September 20, 2020. The U.S. government did get a bid for TikTok from Oracle.
The Microsoft bid appeared to be rejected although no official word has been given yet.
Mnuchin said that the computer code that runs the service will need to be examined and verified that it’s safe. The U.S. government wants to protect U.S. citizens from Chinese spying on their activities.
ByteDance, the Chinese owner of social video app TikTok, has chosen Oracle to be TikTok’s U.S. technology partner, and Oracle will take a significant stake in the business, according to a person familiar with the discussions. Microsoft said Sunday that ByteDance had chosen not to sell it TikTok’s U.S. assets. Treasury Secretary Steven Mnuchin joins “Squawk Box” to discuss.