TheWrap reported in late August, Oracle moved into the lead to takeover TikTok’s U.S. operations, leapfrogging Microsoft, thanks in part to Ellison’s close ties to the White House.BREAKING: @POTUS says @tiktok_us @Oracle are close to a deal: “we’re going to make a decision soon… high respect for Larry Ellison, terrific guy, close to a deal.” #TikTok— Lydia Moynihan (@LJMoynihan) September 15, 2020The president’s comments come a day after Oracle said it had reached an agreement with TikTok to become its “trusted technology provider” in the U.S.
Both companies have not responded to TheWrap’s request for comment on what that means in terms of the overall scope of the deal.
Read more on thewrap.com
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