TikTok reaches deal to sell U.S. operations to Oracle, rejects Microsoft's plan

Dwayne Harris   ·   About 43 words

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Oracle will be “buying” TikTok, not Microsoft.

Larry Ellison (Oracle CEO) coincidently has been very friendly towards the President lately.

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The Verge published an today titled Oracle’s TikTok deal accomplishes nothing:

But the last-minute sale is strange in a number of ways — for a start, it’s not a sale at all. After months of insistence that TikTok sever its US operations from Chinese ownership, we’re now settling for a vague partnership between Oracle and the US TikTok operation. It’s still unclear exactly what Oracle’s “trusted tech partner” status entails, but it’s definitively not a sale, and it’s unlikely Oracle is taking over any significant operations from the US TikTok offices. Microsoft’s version of the deal would have severed American TikTok from Europe and Asia entirely, but Oracle’s version of the deal leaves it mostly intact. US TikTok will stay the same as Korean TikTok and Nigerian TikTok; it’s just getting an extra babysitter. That makes it less of a sale and more of a glorified hosting deal. It lets Trump say he’s solved the problem but doesn’t do much else.

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