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Oracle Zooms past rivals to run TikTok’s cloud and take stake alongside WalMart and ByteDance investors

Deal dilutes Chinese stake enough for Trump to tentatively approve

Oracle has been formally announced as TikTok’s new technology partner and will also become a co-owner of a new entity that will run the made—in-China social network in the USA and other parts of the world. US president Donald Trump has backed the deal publicly.…

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