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TikTok has until April to finalize a sale to a U.S.-based buyer , yetuncertainties about the futurity of the short - form TV app remain .
However , a fresh account has emerged , suggesting that Oracle is the lead candidate to serve as the cloud engineering science partner for managing TikTok in the U.S. , accord toThe Information .
source including investors , bankers , and former executives conversant with TikTok ’s parent company , ByteDance , told the outlet that the fellowship favors Oracle over other cloud providers . Since 2022 , TikTok has beenutilizing Oracle servers to store data of U.S. user , making it a probable option for this passel .
The write up suggests that ByteDance still wants to have a hands - on office in TikTok ’s operations , with Oracle as a partner .
Additionally , President Trumphas bear witness financial backing for Oracle ’s role in the deal .
Oracle has n’t respond to requests for comment .
