Audio By Carbonatix
Oracle has reportedly won a deal to manage TikTok’s US cloud operations. Oracle had been rumored to be part of the bidding process to acquire TikTok, but The Wall Street Journal reports that the company has been selected as a “trusted tech partner” instead.
This is different from an outright sale, and appears to suggest Oracle will be helping run TikTok’s US operations with its own cloud technologies.
News of an Oracle deal comes just an hour after Microsoft revealed it was no longer acquiring TikTok after its bid was rejected by TikTok owner ByteDance. Microsoft had been pursuing a deal to buy TikTok’s operations in the US, Australia, Canada, and New Zealand. It’s clear talks have swayed away from a full acquisition, with Oracle reportedly winning the bid to be a technology partner instead.
President Trump signed an executive order August 6th blocking all transactions with ByteDance, and the order demanded an American company purchase TikTok’s US business.
The EO was intended to take effect within 45 days, but the president signed a follow-up order giving ByteDance 90 days to sell or spin off TikTok in the US. That order was a result of an investigation of the company by the Committee on Foreign Investment in the US (CFIUS), which oversees foreign acquisitions of US companies for any potential security risks.
Oracle has a history of collaboration with the US government, making its partnership with TikTok a strategic move amid the growing undercurrent of Chinese opposition running through the White House and Congress.
Latest Stories
-
Interior Ministry releases funds to settle 2025 rent allowance arrears for security services
18 minutes -
Ghana evacuates diplomatic staff from Iran; embassy shut indefinitely — Ablakwa
20 minutes -
France to boost nuclear arsenal and extend deterrence to European allies
40 minutes -
Chinese community in Ghana marks ‘Year of the Horse’ with grand new year festival
44 minutes -
When regional instability becomes national risk: Ghanaian tomato traders killings
60 minutes -
Photos: President Mahama meets Tanzania President Suluhu Hassan
1 hour -
Mahama calls for cessation of Iran-US-Israel conflict, urging return to dialogue
2 hours -
Fuel prices could rise if Middle East conflict escalates – ACEP Boss
2 hours -
Elsie Addo Awadzi: Leadership reflections, one year on; 7 lessons from 7 years in public office
2 hours -
Finance Minister announces expiration of DDEP-induced restrictions on domestic bond issuance
2 hours -
Gov’t urged to aid private nursing training colleges to ease burden on public ones
2 hours -
Kumasi Mayor vows to keep Kejetia Market free from highly inflammable materials
2 hours -
Ghana safe from fuel supply disruptions amid Middle East tensions – Dr Oppong
2 hours -
Ghana Development Awards 2026 set to celebrate excellence in nation-building and economic recovery
3 hours -
IMANI opens applications for 12th SYPALA summer seminar
3 hours
