Oracle has secured a deal to become the short video app’s “trusted tech partner” in the US, Wall Street Journal reported. Details about the deal aren't clear at the moment, including whether this is an outright sale of TikTok's US arm, including its algorithms, or whether Oracle will only manage TikTok's US cloud operations. Microsoft, another frontrunner to acquire TikTok confirmed its bid for the TikTok’s US arm was rejected by the app’s parent, ByteDance (more on that below). Oracle’s name had first appeared in the list of TikTok suitors days after US President Donald Trump had signed an executive order on August 14, directing ByteDance to divest from its American assets within 90 days. Before that, on August 6, Trump had signed another executive order prohibiting US business with TikTok. It is worth noting that this report comes just days before September 20, when the August 6 executive order is scheduled to come in effect. While the Wall Street Journal did not specify the price of the deal, previous reports had suggested that the company was working out a proposed deal of $20 billion in cash and stock. The development is also significant because right after Oracle had joined the race to acquire TikTok, Trump had openly backed the company. Oracle is reportedly partnering with General Atlantic and Sequoia Capital, two US-based investment companies, who have invested in ByteDance as well. Oracle’s co-founder Larry Ellison is a major Trump donor and had even held a fundraiser for him in…
