TikTok Faces Major Shift: Oracle and Microsoft in Advanced Talks

On Jan 26, Sources reported that Oracle (ORCL, Financial) and Microsoft (MSFT, Financial) have joined forces with investors to secure control of TikTok’s worldwide operations. The new business structure will enable ByteDance to control a minority stake in TikTok as their child company. Through its agreement with Oracle, the parent company retained lower-level control of TikTok platform infrastructure, including management of algorithms and data systems, while Oracle handled software…