TikTok faces a deadline in April to secure a sale to a US-based buyer, but questions remain about its future in the country.
Oracle emerges as a strong contender
A new report suggests that Oracle is the top candidate for becoming the cloud technology partner responsible for handling TikTokโs operations in the US. According to The Information, sources including investors, bankers, and former executives familiar with ByteDanceโTikTokโs parent companyโbelieve Oracle is the preferred option over other cloud providers.
TikTok has already been using Oracleโs cloud servers since 2022 to store data of US-based users. This existing partnership makes Oracle a logical choice to continue managing the platformโs data if the sale moves forward.
ByteDance may still want control
Despite Oracle’s potential involvement, ByteDance reportedly wants to maintain influence over TikTokโs operations. Rather than a complete sale, the company seems to be considering a partnership in which Oracle plays a key role in managing TikTokโs US data. At the same time, ByteDance remains involved in the platformโs overall direction.
Trump supports Oracleโs role
Former US President Donald Trump has previously supported Oracleโs involvement in a TikTok deal. While the company has not officially responded to the latest reports, its ongoing role in storing TikTokโs US data places it in a strong position to be chosen as the primary cloud technology provider for the platformโs future in the country.
