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Oracle Corp. gained the bidding for the U.S. operations of the video-sharing app TikTok, folks aware of the matter mentioned, beating out Microsoft Corp. in a high-profile deal to salvage a social-media sensation that has been caught in the center of a geopolitical standoff.
Oracle is about to be introduced as TikTok’s “trusted tech partner” in the U.S., and the deal is probably going to not be structured as an outright sale, the folks mentioned.
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