New York (The Verge) — Oracle reportedly wins deal for TikTok’s US operations as “trusted tech partner” theverge.com/2020/9/13/2143….
Oracle has won a deal to help run TikTok’s US operations as a trusted technology partner. The deal means Oracle won’t fully acquire TikTok or parts of the video app, but instead help run its services in the US.
News of an Oracle deal comes just an hour after Microsoft revealed it was no longer acquiring TikTok after its bid was rejected by TikTok owner ByteDance. Microsoft had been pursuing a deal to buy TikTok’s operations in the US, Australia, Canada, and New Zealand. It’s clear talks have swayed away from a full acquisition, with Oracle reportedly winning the bid to be a technology partner instead.
Oracle has a history of collaboration with the US government, making its partnership with TikTok a strategic move amid the growing undercurrent of Chinese opposition running through the White House and Congress. — Tom Warren/@verge