The investing community seemed to be surprised after ByteDance, TikTok’s mother company, rejected a lucrative offer from Microsoft (NASDAQ: MSFT), and instead opted to do a deal with Oracle (NYSE: ORCL) on the basis of “trusted partnership”. Fundamental analysis: “Trusted tech partner” Three days ago, major media outlets reported that Larry Ellison’s Oracle has struck a deal with TikTok to operate its U.S. cloud operations. Therefore, Oracle will become a “trusted tech partner” of TikTok, rather than a company that is taking over TikTok’s operations in the U.S., Australia, New Zealand, and Canada. On the same day, Microsoft announced that
Full ArticleShould I invest in Oracle following a partnership with TikTok?
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