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The Chinese internet company faces a looming mid-November deadline to divest TikTok's U.S. assets under a Trump administration national-security directive. Oracle is mulling an […]
Now, he is purportedly seeking partners to join him in a potential acquisition of TikTok, ... Oracle has hosted American TikTok data on its servers since 2022. Show comments.
Oracle has held preliminary talks with TikTok’s Chinese parent company ByteDance to buy the US operations of the video-sharing app, while discussions with Microsoft are ongoing.Oracle (ORCL) is ...
A deal that would give Oracle and Walmart ownership stakes in TikTok is up in the air — and may not happen at all, as the Biden administration reviews Trump’s actions and policies against ...
On September 13, it was reported that TikTok had chosen Oracle to act as the former's "trusted tech partner." The partnership—intended to address the Trump administration's concerns over data security, and avoid an outright sale of its business and technological assets that the Chinese government would likely oppose—would involve ByteDance ...
If the U.S. government bans TikTok, it could be a major blow to Oracle.
A new subsidiary, TikTok U.S. Data Security Inc. (USDS), was created to manage user data, software code, back-end systems, and content moderation. It would report to the Committee on Foreign Investment in the United States (CFIUS), not ByteDance or TikTok, even for hiring practices. Oracle would review and spot check the data flows through USDS.
The uncertainty and friction around Oracle becoming TikTok’s “trusted technology partner" appears to hinge on national security. President Trump is not happy with the possibility of Chinese ...