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Oracle To Take A 12.5% Stake In TikTok Global

Published: 09/19/2020 23:10 GMT
Oracle Corp. (ORCL) - Oracle Chosen As Tiktok's Secure Cloud Provider.
Was Chosen to Become Tiktok's Secure Cloud Technology Provider.
Oracle-technical Decision by Tiktok Heavily Influenced by Zoom's Recent Success in Moving Large Portion of Video Conf Capacity to Oracle Public Cloud.
Tiktok Will Run on Oracle Cloud and Oracle Will Become a Minority Investor in Tiktok Global.
Oracle Will Quickly Deploy, Rapidly Scale, and Operate Tiktok Systems in Oracle Cloud.
Oracle to Take a 12.5 Percent Stake in Tiktok Global.
100% Confident in Ability to Deliver Highly Secure Environment to Tiktok and Ensure Data Privacy to Tiktok's American Users.
Oracle - to Combine Secure Cloud Tech With Continuous Code Reviews, Monitoring, Auditing to Assure That U.S. Tiktok User Data is Private, Secure.