TikTok: Oracle confirms partnership with ByteDance

Komal FatimaWeb Editor

15th Sep, 2020. 09:49 am
TikTok: Oracle confirms partnership with ByteDance

US technology company Oracle has confirmed its partnership with TikTok.

Oracle confirmed that TikTok’s owner has formally proposed it became a “trusted technology partner” to TikTok.

According to the international news agency, the purpose is to avoid President Trump’s threat to shut down the US operations of TikTok.

Donald Trump has suggested users’ data could be hacked by China under current arrangements. However, ByteDance denied the claim. 

TikTok has released a statement that does not directly reference to Oracle. 

“We can confirm that we’ve submitted a proposal to the Treasury Department which we believe would resolve the administration’s security concerns,” it said.

[EMBEDPOST SLUG= “oracle-to-buy-tiktoks-us-operations-as-microsoft-loses-bit/”]

“This proposal would enable us to continue supporting our community of 100 million people in the US who love TikTok for connection and entertainment, as well as the hundreds of thousands of small business owners and creators who rely upon TikTok to grow their livelihoods and build meaningful careers.”

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company sells database software and technology, cloud engineered systems, and enterprise software products—particularly its own brands of database management systems.

Microsoft has reported that its offer to buy the US operations of TikTok has been rejected. Oracle is all set to buy US operations of TikTok.

Microsoft announced on Sunday that “ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users while protecting national security interests.”

“We look forward to seeing how the service evolves in these important areas,” its statement added.

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