Tiktok will have to complete sales to US-based buyers until April, but uncertainty remains about the future of the short video app.
However, the information suggests that new reports are emerging, suggesting that Oracle is a leading candidate to act as a cloud technology partner for managing Tiktok in the US.
Bytedance, a source, including investors, bankers and former executives familiar with Tiktok's parent company, told the outlet that the company prefers Oracle over other cloud providers. Since 2022, Tiktok has been using an Oracle server to store data from US users, making it a potential option for this transaction.
The report suggests that Baitedan still wants to play a practical role in the Tiktok business, which has an oracle as a partner.
Additionally, President Trump has shown support for Oracle's role in the deal.
Oracle has not responded to requests for comment.