Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/dev.webpronews.com/public_html/wp-includes/functions.php on line 6114
Oracle Beats Out Microsoft/Walmart As TikTok’s US Partner «

Oracle Beats Out Microsoft/Walmart As TikTok’s US Partner

In a surprise move, Oracle has emerged as the frontrunner to be the US partner for TikTok....
Oracle Beats Out Microsoft/Walmart As TikTok’s US Partner
Written by Matt Milano

In a surprise move, Oracle has emerged as the frontrunner to be the US partner for TikTok.

The Trump administration instituted a ban on TikTok that goes into effect mid-September, unless a buyer could be found to take over US operations. Microsoft, partnering with Walmart, emerged as an early prospect before Oracle also threw its name in the mix.

Before a deal could be finalized, however, the Chinese government changed its export rules governing what technologies could be exported. It’s believed the new rules directly impact the algorithm TikTok uses for recommendations and engagement. As a result, potential buyers had to start looking at alternative ways to make a deal happen.

According to CBC, ByteDance has rejected Microsoft’s bid in favor of Oracle. None of the involved parties are commenting, so it remains to be seen what a potential deal looks like.

Subscribe for Updates

CybersecurityUpdate Newsletter

CybersecurityUpdate

By signing up for our newsletter you agree to receive content related to ientry.com / webpronews.com and our affiliate partners. For additional information refer to our terms of service.
Get the WebProNews newsletter delivered to your inbox

Get the free daily newsletter read by decision makers

Subscribe
Advertise with Us

Ready to get started?

Get our media kit