Oracle, Microsoft in negotiations to buy TikTok: Report

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Oracle and a group of investors including Microsoft are negotiating a takeover of TikTok’s global operations. According to a report by The Verge, which was quoting an NPR report, the proposed deal, currently under discussion with the White House, would allow China’s ByteDance to retain a minority stake in TikTok. However, Oracle would oversee the app’s algorithm, data collection, and software updates.

Oracle already supports much of TikTok’s infrastructure through its server network. As part of this agreement, the company would play a crucial role in…



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Oracle, Microsoft in negotiations to buy TikTok: Report



Oracle and a group of investors including Microsoft are negotiating a takeover of TikTok’s global operations. According to a report by The Verge, which was quoting an NPR report, the proposed deal, currently under discussion with the White House, would allow China’s ByteDance to retain a minority stake in TikTok. However, Oracle would oversee the app’s algorithm, data collection, and software updates.

Oracle already supports much of TikTok’s infrastructure through its server network. As part of this agreement, the company would play a crucial role in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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