TikTok: What is Oracle and why does it want the video-sharing app?

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Oracle founder and chairman Larry Ellison is worth about $75bn (£57.3bn), according to ForbesSoftware giant Oracle is believed to be the frontrunner in the bidding war for short-form video app TikTok.Microsoft dropped out of negotiations with Chinese-company Bytedance on Sunday night, after which Reuters reported that Oracle would become its technology partner and assume management of TikTok’s US user data.The partnership should address US security concerns but not be a complete sale, sources told the agency.However, Chinese state media has said Bytedance will not sell its US operations outright, nor will it share TikTok’s source code.Oracle’s security rootsOracle sells database technology and cloud systems to businesses. It was one of the first companies to help clients structure their records in this way.Co-founder and current chairman Larry Ellison named the company after the codename given to a project for its first customer, in 1975: the Central Intelligence Agency (CIA).The firm was founded two years later and went on to complete contracts for the CIA, Navy Intelligence, Air Force Intelligence and the National Security Agency.News site Gizmodo has detailed Oracle’s involvement with US government intelligence community, and says it is relationship that has been “frequently ignored …

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