Oracle just made a major announcement about TikTok
Oracle confirmed rumors today that it had struck a deal with ByteDance, the owner of the popular video app TikTok.
The deal, however, still needs official government approval before it goes through.
If approved, it would mean that TikTok would avoid a deadline that would have shut down its US operations.
The US government has been critical of the Chinese-owned app, arguing that it poses a security risk to American interests. The only way TikTok could stay in business in the US is by selling-off its American operations to an American company.
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