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Business deals

Oracle and TikTok: Does a partnership make sense?

Trump says deal is 'very close' and that he is a Larry Ellison fan

TikTok and Oracle are looking to join hands in what some see as an unlikely pairing. (Source photos by Reuters) 

PALO ALTO, U.S. -- Oracle and Bytedance are petitioning Washington to allow the American software giant to serve as TikTok's "trusted technology partner" in the U.S., an arrangement aimed at defusing President Donald Trump's threat to ban the popular video-sharing app.

The two companies confirmed on Monday that they have submitted a proposal to the U.S. government, but they have yet to clarify the exact nature of their potential partnership. Trump told reporters Tuesday that he had "heard they are very close to a deal," and that he would look into the proposed agreement.

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