New Oracle deal confirmed for TikTok sale rumours

by Administrator
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Search Engine Journal asks whether or not TikTok is actually for sale. Even though the official line is that TikTok isn't up for sale, but the plot, it seems, is thickening somewhat. Oracle just got confirmed as a "trusted technology partner" in a move that's aimed at helping the platform retain the right to operate within the US. The confirmation came from Oracle:

"Oracle confirms Secretary Mnuchin's statement that it is part of the proposal submitted by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider. Oracle has a 40-year track record providing secure, highly performant technology solutions."

What do you think is the strategy behind this Oracle & TikTok partnership? And whydo
you think TikTok declined Microsoft's more lucrative offer?
#confirmed #deal #oracle #rumours #sale #tiktok
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