TikTok partners with Oracle in the US2020-09-14 15:12 by Daniela
Tags: ByteDance, Oracle, TikTok
Enterprise software firm Oracle has confirmed it has reached a deal with embattled video sharing platform TikTok.The agreement will see TikTok parent company ByteDance retain overall ownership of the app, while Oracle will take on responsibility for data management processes.
Oracle's confirmation of the previously reported deal comes just ahead of the deadline for divestiture set by the Trump administration in an executive order. The United States government gave Chinese company ByteDance an ultimatum, sell its stateside operations to an American company or be banned on September 15. Multiple companies, including Apple, were in question for the purchase, but ultimately Oracle won out.
While TikTok is best known for dancing videos that go viral among teenagers, U.S. officials are concerned user information could be passed to China's Communist Party government. TikTok, which has as many as 100 million U.S. users, has said it would never share such data with Chinese authorities.
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