Friday, 24 March, 2023

Oracle wins TikTok’s US cloud operations deal as Microsoft fails: Report

<p>Oracle has reportedly won a deal to manage TikTok&rsquo;s US cloud operations. Hence, Oracle will be helping run TikTok&rsquo;s US operations with its own cloud technologies. The WSJ reports that the company has been selected as a &ldquo;trusted tech partner&rdquo;. This is, however, different from an outright sale. Oracle&rsquo;s news comes just an hour after Microsoft revealed that it was no longer in the TikTok acquisition race as its bid was rejected by ByteDance.</p>