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TikTok & Oracle in deal to create a new US based company called TikTok Global

TikTok & Oracle in deal to create a new US based company called TikTok Global

Oracle confirmed that it would become a trusted technology provider for ByteDance which could allay US concerns that Beijing could get a hold of its user data. Oracle is likely to manage TikTok’s US user data and take a stake in its US operations without becoming the owner as per news reports. The deal is also likely to create a new US-based company called ’TikTok Global’ with 20,000 new jobs.

Milan
Milan
Top in Business