Oracle’s courting of Trump may help it land TikTok’s business and coveted user data

Neither TikTok nor Oracle outlined the details of the proposal, though it appears to fall short of Trump’s initial call to ban the app in the United States unless its operations in the country were sold to an American company. The proposed arrangement would allow ByteDance to retain ownership but outsource management of data to Oracle’s cloud-computing operations, according to people familiar with the deal who spoke on the condition of anonymity to discuss them candidly.

If that less restrictive arrangement is approved, it would seem to show that Oracle put itself in a position to persuade the president to dial back his earlier demands. Shortly after Trump’s 2016 election, Oracle chief executive Safra Catz served on his transition team. She has also dined at the White House with Trump. And Oracle co-founder and chief executive Larry Ellison hosted a fundraiser for Trump at his Rancho Mirage, Calif., estate in

Read More