Oracle Beats Microsoft in Deal for TikTok’s U.S. Operations
- Oracle’s bid is said to be a partnership, not a full purchase
- TikTok’s U.S. data could be housed in Oracle’s cloud servers
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Oracle Corp. edged out out rival Microsoft Corp. in negotiations over the weekend for the U.S. operations of TikTok, moving closer toward a deal for the Chinese-owned music-video app that could thwart a threat by U.S. by President Donald Trump to shut it down.
A deal between TikTok owner ByteDance Ltd. and Oracle will look more like a corporate restructuring than the outright sale Microsoft had proposed, though it is likely to include a stake in a newly configured American business, according to a person familiar with the negotiations who asked not to be identified because the information isn’t public.