Update: Oracle Gets Chosen as TikTok’s Secure Cloud Provider

Oracle Corporation (NYSE: ORCL) announced yesterday that TikTok chose them to become their secure cloud technology provider in the US, through a decision heavily influenced by the recent success Zoom had after they moved a large portion of their video conferencing capacity to Oracle’s Public Cloud. The following announcement was also made by TikTok’s communication…

TikTok

Update: Trump Administration to Consider the ByteDance-Oracle TikTok Deal Today

According to CNBC’s Jim Cramer, approval of Oracle’s deal for becoming a trusted technology partner for TikTok will be announced on Tuesday afternoon. This means that, if accepted, Oracle will become a trusted technology provider for TikTok in the US, including running the cloud computing operations and processing data for US users. This deal, however,…

TikTok

Oracle Wins Bid for TikTok Operations in the US

Oracle Corporation (NYSE: ORCL) won the bid for TikTok’s US operations. According to The Wall Street Journal, Oracle has been selected as a “trusted tech partner”. ByteDance is not selling TikTok completely to Oracle. Microsoft said earlier today that ByteDance rejected their bid. As a result, Oracle was the last bidder left. In a blog…