Oracle has recently won the bid for operating TikTok in the United States, making the latter its technology partner. According to the report from Bloomberg, TikTok's parent company ByteDance has chosen Oracle since its deal is "narrower, appearing more like a corporate restructuring than an outright sale." Oracle is backed by Sequoia Capital. TikTok and Oracle are still discussing the terms of the deal. Notable developments include an Intel investment, which not only injected funding but also gave the team the necessary technical knowledge to evolve their craft further; as well as a partnership with RDA Microelectronics, a company specializing in wireless chips. Read more in our articles including "Oracle wins bid to operate TikTok in the US" and "YugaTech Ovi App for Nokia Phones".
Oracle has recently won the bid for operating TikTok in the United States, making the latter its technology partner. According to the report from Bloomberg, TikTok's parent company ByteDance has chosen Oracle since its deal is "narrower, appearing more like a corporate restructuring than an outright sale." Oracle is backed by Sequoia Capital.
TikTok and Oracle are still discussing the terms of the deal. Notable developments include an Intel investment, which not only injected funding but also gave the team the necessary technical knowledge to evolve their craft further; as well as a partnership with RDA Microelectronics, a company specializing in wireless chips.
Our coverage of Oracle TikTok tech partner includes: "Oracle wins bid to operate TikTok in the US"; "YugaTech Ovi App for Nokia Phones"; "BIR opens Tax Payer Portal". Each article provides unique insights and information.