TikTok

Oracle agrees “partnership deal” with Bytedance for TikTok’s US operation

Oracle will be announced TikTok's 'trusted tech partner' in America.

TikTok owner Bytedance has chosen Oracle as a technology partner to acquire TikTok’s U.S. operations, following Microsoft’s statement that it had been rejected by ByteDance as a buyer.

As part of the deal, Oracle plans to address the national security concerns that Donald Trump’s administration has raised over the Chinese company’s ownership of TikTok.

US treasury secretary, Steven Mnuchin, confirmed on Monday that the Trump administration would this week review a deal between Oracle and the US operations of TikTok.

ByteDance has been in talks to sell TikTok’s US business since Donald Trump threatened last month to ban the service if it was not sold. The president’s executive order in August gave until 15 September or it would be shut down in the US. It effectively set a deadline for a potential pressured sale of part of the tech company to an American bidder.

Oracle is best known as an enterprise software provider. Its cloud computing business could benefit from gaining TikTok as a customer. Any deal would require the support of the US and Chinese governments and Beijing has taken steps that suggest it may block a full disposal.

It was unclear whether Mr Trump would approve of a partnership arrangement such as the one ByteDance has discussed with Oracle. The president has called for a full sale of TikTok’s US operations to satisfy national security concerns.

“From our standpoint, we’ll need to make sure that the code is, one, secure, Americans’ data is secure, that the phones are secure and we’ll be looking to have discussions with Oracle over the next few days with our technical teams,” Mnuchin said.

Rapid Mobile

Rapid Mobile uses cookies, tokens, and other third party scripts to recognise visitors of our sites and services, remember your settings and privacy choices, and - depending on your settings and privacy choices - enable us and some key partners to collect information about you so that we can improve our services and deliver relevant ads.

 

By continuing to use our site or clicking I Accept, you agree that Rapid Mobile and our key partners may collect data and use cookies for personalised ads and other purposes, as described more fully in our privacy policy.

 

You can change your settings at any time by clicking Manage Settings or by visiting our Privacy Centre for more detailed information.

 

Privacy Settings saved!
Cookie Services

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

These cookies allow us to count visits and traffic sources, so we can measure and improve the performance of our site.

We track anonymized user information to improve our website.
  • _ga
  • _gid
  • _gat

Decline all Services
Accept all Services