Tiktok Picks Oracle Over Microsoft For Sale Of Us Operations
The report comes from Bloomberg, based on people familiar with the talks. Also, according to the report, a deal between ByteDance and Oracle will probably look more like corporate restructuring than an outright sale. According to people familiar with the matter, Oracle may take a stake in a newly formed US business and serve as TikTok’s technology partner. That would mean that TikTok’s US data will be stored in Oracle’s cloud servers....