TikTok has till April to finalize a sale to a U.S.-based purchaser, but uncertainties about the way forward for the short-form video app stay.
However, a brand new report has emerged, suggesting that Oracle is the main candidate to function the cloud know-how companion for managing TikTok within the U.S., in keeping with The Information.
Sources together with traders, bankers, and former executives acquainted with TikTok’s father or mother firm, ByteDance, informed the outlet that the corporate favors Oracle over different cloud suppliers. Since 2022, TikTok has been using Oracle servers to retailer information of U.S. customers, making it a probable possibility for this deal.
The report means that ByteDance nonetheless desires to have a hands-on position in TikTok’s operations, with Oracle as a companion.
Additionally, President Trump has proven assist for Oracle’s position within the deal.
Oracle hasn’t responded to requests for remark.
