In a piece of startling news today, Oracle Corp. won the bidding for the U.S. operations of the video-sharing app TikTok, beating out Microsoft Corp. in a high-profile deal to salvage a social-media sensation that has been caught in the middle of a geopolitical standoff, reports the Wall Street Journal
Oracle To Be the Winner?Oracle is set to be announced as TikTok’s “trusted tech partner” in the U.S., and the deal is likely not to be structured as an outright sale, the people said.
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https://mfame.guru/oracle-wins-tiktok-bid-over-microsofts-highest-standards-deal/