Sept. 19, 2020 /CNW/ — Oracle Corporation (NYSE: ORCL) announced today that it was chosen to become TikTok’s secure cloud technology provider. 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.” data-reactid=”12″REDWOOD SHORES, Calif., Sept. 19, 2020 /CNW/ — Oracle Corporation (NYSE: ORCL) announced today that it was chosen to become TikTok’s secure cloud technology provider. 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.
Larry Ellison. “In the 2020 Industry CloudPath survey that IDC recently released where it surveyed 935 Infrastructure as a Service (IaaS) customers on their satisfaction with the top IaaS vendors including Oracle, Amazon Web Services, Microsoft, IBM and Google Cloud …. Oracle IaaS received
Microsoft announced Sunday that TikTok owner ByteDance rejected the company’s bid to acquire the US operations of the popular video app.
“ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft,” Microsoft wrote in the statement. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.”
The move leaves Oracle as the sole publicly known contender to purchase the American operations of TikTok, which has the support of President Donald Trump and a group of ByteDance’s US investors.
Several news outlets reported that ByteDance has named Oracle as its “technology partner,” though the company’s bid has not been publicly accepted by the Chinese internet company.
The Wall Street Journal reported last Wednesday that ByteDance is in talks with the US government regarding “possible arrangements” that would avoid a “full sale” of
Another possible element of the proposal, according to two of the people, is that ByteDance could move its headquarters outside of China to alleviate concerns that the parent company would be subject to Chinese laws that require firms, if directed, to share data in their systems with the government.
Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross, who spoke late last week, are open to hearing the offer, said a senior administration official, speaking on the condition of anonymity because of the matter’s sensitivity.
“The deal, if it happens, is going to have to address our underlying national security concerns,” the official said.
But a former U.S. official said that while such an approach might address some of the security concerns, “it’s well short of a U.S. company taking over the asset and the algorithm, and politically, it would be a massive climb-down from what the president said he
WASHINGTON — The Chinese owner of TikTok has chosen Oracle to be the app’s technology partner for its U.S. operations and has rejected an acquisition offer from Microsoft, according to Microsoft officials and other people involved in the negotiations, as time runs out on an executive order from President Trump threatening to ban the popular app unless its American operations are sold.
It was unclear whether TikTok’s choice of Oracle as a technology partner would mean that Oracle would also take a majority ownership stake of the social media app, the people involved in the negotiations said. Microsoft had been seen as the American technology company with the deepest pockets to buy TikTok’s U.S. operations from its parent company, ByteDance, and with the greatest ability to address national security concerns that led to Mr. Trump’s order.
“ByteDance let us know today they would not be selling TikTok’s U.S. operations to