It was a surprising bidder in the race for TikTok’s US operations, but enterprise software maker Oracle has apparently managed to promote the popular video-sharing app currently owned by Chinese tech company ByteDance.
TikTok has allegedly selected California-based Oracle as a “technology partner” in a proposal to the White House that would allow ByteDance to retain ownership of the app while transferring data management to the US company Oracle. That came out from a report today from The Washington Post.
Details of the deal come from anonymous sources, although they claim the proposal could also include ByteDance̵
The news effectively ends Microsoft’s bid for TikTok’s US operations, with the tech giant confirming it on its blog on Sunday, September 13th.
“We are confident that our proposal would have been good for users of TikTok while protecting national security interests,” said Microsoft’s statement on the subject.
“To this end, we have made significant changes to ensure that the service meets the highest standards for security, privacy, online security and the fight against disinformation. We clarified these principles in our statement from August.”
Microsoft was seen as a pioneer in securing the takeover after US President Donald Trump issued an executive order apparently banning Americans from any “transactions” with the Chinese app.
Oracle’s alleged success in the ByteDance deal was viewed as a surprising result. However, Oracle’s co-founder and chairman of the board, Larry Ellison, is linked to the president, and Trump previously stated that he is helping the company track TikTok’s U.S. operations.
Neither ByteDance nor Oracle have released an official statement on the matter.