Photo: NurPhoto via Getty Images On Sunday night, Microsoft announced in a brief statement that its bid to purchase TikTok was rejected by ByteDance, the video-sharing app’s Chinese-owned parent company. Shortly after, multiple outlets reported that the cloud-computing firm Oracle would partner with the app to take over its U.S. operations, just two days before President Trump’s deadline for such a deal.
Last month, Trump issued an executive order requiring TikTok to sell its U.S. operations to an American company by September 15 or face a domestic ban, in an escalation of the cybersecurity proxy conflict between Washington and Beijing. It’s still unclear how the White House would have enforced such an embargo.
Members of the administration have claimed there is “credible evidence” that TikTok is a national security threat and have expressed concerns that the app could place data gathered from its 100 million monthly American users “in the hands of the Chinese Communist Party.” The company has denied that it has shared, or ever would share, user data with the Chinese government. It has also made efforts to separate its American operations from those of its parent company ByteDance.
There are several remaining questions regarding Chinese and American interests in the deal. Last month, Beijing announced new regulations banning TikTok from transferring its underlying technology to an American company without permission from the government of President Xi. In the U.S., meanwhile, Oracle has provided no public information about how it will handle TikTok’s underlying technology, which American officials have pointed to as the source of its potential security threat.
Oracle, whose co-founder and chairman Larry Ellison hosted a fundraiser for the president in February, allegedly received favorable treatment from the administration in a high-profile pay bias case earlier this year. Last month, President Trump called Oracle a “great company” and said that it “would be certainly somebody that could handle” the TikTok deal.
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Oracle will partner with TikTok in the United States after Microsoft loses bidTikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration's national security concerns, according to a person familiar with the matter. This is another new deal on digital soul slave trading. It is time for the people to take back their personal information and put it in the Universal Basic Income fund. Another realDonaldTrump victory! spaghetti coded db with a spyware app. what could go wrong?
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ByteDance picks Oracle in high-profile bid for video app TikTokThe win for Oracle came after its top rival, Microsoft, announced on Sunday that its effort had fallen short. lol. oracle, the place good software goes to die. Brazil Is In Flames! helppantanal helpamazonia 🔥🇧🇷 Oregon, California & Washington states new flag will include a hammer & sickle.
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TikTok reaches deal with OracleTikTok has reached an agreement to sell its U.S. operations to software giant Oracle, a landmark deal that could redefine how the U.S. and China square off over the reach of their homegrown technology companies Crazy It was that or no service in the US on 9/15...lol, damn sneaky ccp bs 24/7
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Oracle Wins Bidding for TikTok in U.S., After Microsoft Proposal RejectedOracle won the bidding for the U.S. operations of the video-sharing app TikTok, a person familiar with the matter said, beating out Microsoft Corp. in a deal to salvage a social-media service that has been caught in the middle of a geopolitical standoff. Larry Ellison --- isn't that rump's buddy? Guessing Oracle's just gonna take out a few $B more in debt for this. They'll probably be able to get a 30 year at 300bp for this loan, despite their already crushing debt load. What country will the servers be located in?
Source: WSJ - 🏆 98. / 63 Read more »
Oracle reportedly wins TikTok after Microsoft’s bid rejectedOracle Corp. will reportedly take over TikTok's business in the U.S. after China's ByteDance rejected Microsoft Corp.'s offer. Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.
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TikTok picks Oracle over Microsoft in Trump-forced sales bidThe owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal. Microsoft announced Sunday... .. Damnit 😂
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