Oracle has been chosen to buy TikTok’s US operations over Microsoft — although, in response to The Wall Street Journal, the deal will not be structured as a sale. Minutes earlier than the information broke, Microsoft revealed that it wouldn’t be involved in any deal regardless that it reportedly had Trump’s blessing forward of the app’s anticipated ban.
We’ll most likely know extra in regards to the deal within the upcoming days, however The Wall Avenue Journal claims that Oracle has been chosen over different suitors within the TikTok US bidding battle, salvaging the service’s operations forward of the September 15th ban. Nevertheless, presumably on account of China’s objections, the deal will not be structured as a straight acquisition. Oracle will as an alternative be named a “trusted tech accomplice,” and presumably, that will likely be sufficient to fulfill nationwide safety
In its assertion concerning not being chosen, Microsoft highlighted that it will have “made vital modifications to make sure the service met the very best requirements for safety, privateness, on-line security, and combatting disinformation,” although we’ve to imagine that Oracle will likely be doing the identical if the deal will get US approval.
Presumably, we’ll hear extra in regards to the concerning this don’t-call-it-an-acquisition within the coming days.