Oracle to partner with tiktok after failed Microsoft Deal – ryan

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On Sunday Night, Microsoft Announeded In A brief staffement that its bid to purchase Ticket was rejetted by bytedance, the video sharing App’s Chinese-Awned Parent Company. Shortly after, multiple outlets reported That the cloud-computing firm oracle part partner with the app to take over it US Operations, JUST Two Days before President Trump’s Deadline for Such a Deal.

Last Month, Trump Issured an Executive Order Requiring Tiktok to SELL Its US Operations to an American Company by September 15 or Face A Domestic Ban, in an escalation of the cybersecurity proxy conflict washington and beijing. It”s Still Unclear How the White House Wauld Have enforced Such an embargo. As The New York Times reportsIts Also Unclear “Whether Tiktok’s Choice of Oracle As a Technology Partner Wold Mean That Oracle Also A Majority OwnerShip Stake of the Social Media App.” Similarly, you Wall Street Journal Reports that “the deal is like to be structured as an Outright Sale.”

MEMBERS OF THE ADMINISTRATION HAVE clament there is “credible evidence” that tiktok is a national security thread and have expressed Concerns that the app COULD PLACE DATA GATHEED FROM ITS 100 MILLION MONTHLY AMERICAN USSERS “In the Hands of the Chinese Communist Party.” The Company Has Denied that it has shared, or Ever Wold Share, User Data with the Chinese Government. IT HAS ALSO MADE EFFORTS TO SEPARATE OF USS American Operations from Those of Its Parent Company bytedance.

There are Several Remaining Questions Regarding Chinese and American Interests in the Deal. Last Month, Beijing Announced New Regulation Banning Tiktok From Transferring Its Underlying Technology to an American Company with Permission from the Government of President X. In the us, meanwhile, oracle ha provided no publication for the way it wills Handle tiktok’s underlying technology, which american offices have pointed to the source of its potential secity threat. In a staff announcing their failed bid, Microsoft Said they would have made “Significant Changes to Ensure the Service Met the Highest Standards for Security, Privacy, Online Safety and Combating Disinformation.”

Oracle, Whose Co-Founder and Chairman Larry Ellison Hosted a Fundraiser for the President in February, Allegedly Received favable Treatment from the administration in a high-profile pay-bias case earlier this year. Last Month, President Trump Called Oracle A “Great Company” and Said That It “Wauld Be Certainly Someone Could Handle” The Tiktok Deal.