Oracle Wins Bidding War to Partner With TikTok in the US
Oracle emerges as the winning bidder to partner with TikTok's US operations, beating out Microsoft ahead of a looming federal ban deadline. The deal reportedly structures Oracle as a "trusted tech provider" rather than an outright sale.
Enterprise software giant Oracle wins the bidding war to partner with TikTok's US operations, a race that sees Microsoft getting rejected by ByteDance. Rather than an outright sale, the Wall Street Journal reports that Oracle serves as TikTok's "trusted tech partner" in the United States. Oracle confirms that it is part of a proposal submitted to the Treasury Department over the weekend to act as this secure technology provider.
This development comes just days before the September 20 deadline set by the Trump administration for a ban on TikTok's operations if a deal is not reached. There is widespread confusion regarding which exact deadline the popular video app faces, as President Trump states there will be no extension of the earlier September 15 cutoff date. The proposed partnership aims to resolve the national security concerns that have plagued the platform.
Microsoft releases a statement expressing disappointment over ByteDance's rejection of its bid, noting that its proposal would have protected national security while making significant changes to privacy and online safety. Oracle now steps into this complex situation as a rare Silicon Valley ally of the Trump administration, leveraging its 40-year track record of providing secure technology solutions to take over the app's US operations.