BACK
Oracle will partner with TikTok in the United States after Microsoft loses bid
www.cnn.com

Oracle will partner with TikTok in the United States after Microsoft loses bid

TikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration's national security concerns, according to a person familiar with the matter.

Business

TikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration's national security concerns, according to a person familiar with the matter.

Talk of a sale began as President Donald Trump issued executive orders last month seeking to ban TikTok and requiring that its US operations be spun off from its Beijing-based parent company, ByteDance.

The exact nature of the agreement between TikTok and Oracle remains unclear, but it was not described as an outright sale. The news about Oracle came just after Microsoft announced that it will not buy TikTok's US operations from its ByteDance.

Continue reading...

"We are confident our proposal would have been good for TikTok's users, while protecting national security interests," Microsoft (MSFT) said in a blog post. "To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement."