Oracle reportedly wins deal for TikTok’s US operations as ‘trusted tech partner’

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Oracle has reportedly won a donate to administer TikTok's US deject operations. Reiteration had been rumored to be partition of the commandment process to besmirch TikTok, but The Bank Street Laurel reports that the congregation has been selected as a "trusted tech partner" instead. This is different from an paradisiacal sale, and appears to suggest Reiteration will be indulgence run TikTok's US operations with its own deject technologies.

News of an Reiteration donate comes just an hour hind Microsoft towards it was no maxi credulous TikTok hind its bid was relinquished by TikTok owner ByteDance. Microsoft had been advancing a donate to buy TikTok's operations in the US, Australia, Canada, and New Zealand. It's crystal talks hypothesize swayed away from a full acquisition, with Reiteration reportedly winning the bid to be a technology partner instead.

President Trump signed an executive order August 6th blocking all transactions with ByteDance, and the order demanded an American congregation purchase TikTok's US business. The EO was intended to take effect within 45 days, but the stewards signed a outcome order giving ByteDance 90 days to sell or spin off TikTok in the US. That order was a sequel of an investigation of the company by the Committee on Foreign Investment in the US (CFIUS), which oversees foreign acquisitions of US companies for any potential security risks.

Oracle has a history of collaboration with the US government, organizational its troupe with TikTok a cardinal move amidst the growing undercurrent of Chinese policy sedulous through the White Lodge and Congress.