Oracle wins battle against Microsoft for TikTok, keeps US operations

The American software company Oracle was the winner of the deal to take over the cloud operations of the famous short video app TikTok. In this way, the Chinese company ByteDance would have rejected the million-dollar offer that Microsoft made to be the chosen one that would conduct its operations in the United States. reported The Verge,.

As is known, this deal originated from the executive order signed on August 6 by President Donald Trump, which blocked all transactions with ByteDance and demanded that an American company buy TikTok's operations in the United States. The executive order was scheduled to take effect within 90 days, though the president then gave ByteDance XNUMX days to sell it.

The Oracle company has a strong history of collaboration with the US government, and the acquisition of the short video app would be another strategic move to confront the Chinese opposition that is infiltrating the White House and Congress.

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Elijah Casanova
Last year law student at the Universidad del Pacífico. With an interest in technology, business and law. New technologies are our letter to the future.


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