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TikTok is making the corporate technology company Oracle its business partner in the United States.
It’s a deal that would tick a lot of boxes for the beleaguered short-form video app, including what is potentially its biggest hurdle of all: getting President Donald Trump on its side.
There are still a lot of unknowns about the agreement. TikTok declined to comment about the deal, while Oracle and TikTok’s Chinese parent company ByteDance have not responded to requests for comment.
A source familiar with the matter told CNN Business that the partnership was meant to satisfy the Trump administration’s national security concerns about TikTok — Trump has demanded the app be sold, or else shut down in the United States — and it was not described as an outright sale.
But California-based Oracle is a notable partner, given cofounder Larry Ellison’s ties to the Trump administration. He’s one of the few Silicon Valley tech moguls to back Trump. The billionaire hosted a campaign fundraiser for Trump in February and in April joined a White House advisory group working to revive America’s economy.
The US president has already indicated he would support a deal between Oracle and TikTok.
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