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Why Oracle Could Be Key to a TikTok Deal

Oracle was part of an investor group that tried to buy TikTok’s US operations back in 2020, the first time that President Trump tried to force a sale of the video app.Source: Bloomberg

Oracle was part of an investor group that tried to buy TikTok’s US operations back in 2020, the first time that President Trump tried to force a sale of the video app.Source: Bloomberg

TikTok parent company ByteDance Ltd. is once again racing toward a deadline to sell off its popular video app or face a ban in the US. Several interested buyers have publicly emerged, and the most discussed deal scenarios involve a key role for a longtime partner of the video platform: Oracle Corp.

For several years, Oracle has worked with TikTok in the US. The company is contracted to provide cloud services and maintain a separation between US users’ data and ByteDance employees in China. Now, the White House is searching for a deal that satisfies a law passed last year requiring ByteDance to divest its US operations. A proposal circulating among officials in President Donald Trump’s administration would involve Oracle providing continued security assurances and potentially taking a small stake in a new US TikTok entity majority-owned by a third party.

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Author: Editors Desk

Source: Bloomberg

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