In mid-August Patently Apple posted a report titled “Oracle is the latest Tech Giant Rumored to be in talks to acquire TikTok U.S.A.” Our report noted that Oracle was in talks to acquire the social media company TikTok along with its Canadian, Australian and New Zealand assets. However, Oracle has reportedly won a deal to only manage TikTok’s US cloud operations and not really own the company. The deal will likely be rebuked by the Trump Administration and put an end to TikTok in the U.S.
View the original article here: TikTok has chosen Oracle's Deal in the hopes of avoiding an all-out Sale which Could be Blocked by the Trump Administration
The article was originally posted on Patently Apple.
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