Well, it is official – Oracle has just won the deal to manage TikTok in the US.
This is actually far from the original plan but the good news is, sounds like TikTok is safe from being banned in the US.
In case you haven’t been following this closely, Microsoft and even Walmart were in the bidding process to acquire TikTok in the US, Australia, Canada, and New Zealand.
Earlier today, Microsoft made the announcement that it was no longer acquiring TikTok after their bid was declined by TikTok.
The interesting thing in all of this is that according to The Wall Street Journal, Oracle has been selected as a “trusted tech partner” instead of being the buyer of it. Crazy, right?
So, instead of being an outright buyer for TikTok, Oracle is said to be helping run TikTok’s US operations with its own cloud technologies.
While I don’t know what all the technical stuff means, I am just glad a deal was made and TikTok is here to stay. It’s actually been my go-to lately for a bit of happiness on the internet.