Is It Time For The TikTok-Oracle Deal Yet?

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The Street

By Vidhi Choudhary Wildly popular Chinese social media app that’s been at the heart of a national security controversy may finally have a U.S. tech partner. It remains to be seen if this will be a match made in heaven, but the time for an Oracle-TikTok moment may have finally arrived. TikTok might be ready to tie the loose ends of a deal with Oracle (ORCL) – Get Oracle Corporation Report to effectively outsource storage of its U.S. users’ information to prevent its parent, China’s ByteDance, from giving the data to China’s government. Prospects for a TikTok-Oracle agreement were first reported…

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