President Donald Trump said he supported a deal that would see popular video-sharing app TikTok partner with Oracle and Walmart and form a US company.

Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by US Treasury Secretary Steven Mnuchin, who told CNBC on Monday that TikTok’s parent company, ByteDance, submitted its proposal to the US government for approval. “We did get a proposal over the weekend that includes Oracle as the trusted technology partner with Oracle making many representations for national security issues,” Mnuchin said. Mnuchin said there’s also a commitment to make TikTok’

The owner of TikTok has chosen Oracle over Microsoft as its preferred buyer, according to a source familiar with the deal, reports AP