Did Oracle Buy Tiktok at Buying

Did Oracle Buy Tiktok. Oracle to partner with tiktok in the u.s. Tiktok has reached an agreement to partner with software giant oracle, a landmark deal that could redefine how the u.s.

The wall street journal reported that oracle would become tiktok’s “trusted tech partner” in the us, shortly after microsoft acknowledged that it. Because oracle and tiktok agreed on a deal that would make oracle a trusted tech partner with the company rather than the owner, oracle didn’t buy tiktok. Trump is expected to decide if tiktok will be run by a standalone company headquartered in the u.s.

Five critical questions about the TikTokOracle deal — Quartz

Oracle will hold a 12.5 percent stake in tiktok global at its inception and will also serve as the cloud hosting provider for the new entity. Oracle will take a 12.5 per cent stake in tiktok global and store all its us user data on its cloud to comply with us national security requirements, the. This technical decision by tiktok was heavily influenced by zoom’s recent success in moving a large portion of its video conferencing capacity to the oracle public cloud. The tiktok closure order and.