US TikTok Goes to Oracle
Oracle Beats Out Microsoft & Walmart for Social Media Giant source: TikTok Deal Needs Trump Administration Approval TikTok, the popular short form video app, and US headquartered software giant Oracle have reached a "partnership" deal. The Trump Administration forced China based owner ByteDance to sell its TikTok US assets. In cutting a deal with Oracle, ByteDance has rejected offers from Microsoft and Walmart. Details on the purchase price and exact terms of the Oracle deal have not been released. The Trump Administration forced a sale of TikTok's US operations because the Chinese government can ask ByteDance to hand over personal data gathered on Americans by TikTok at any time. Why This Social Media-High Tech Deal Matters This deal matters because TikTok has more than 100 million active users in the US; 800 million globally. If the deal goes through, it would give Oracle, which is a software provider to large enterprises, much more visibility before young co