Will Oracle Actually Benefit From the TikTok Deal?
Late Sunday night, news broke that TikTok owner ByteDance would not be accepting a Microsoft (NASDAQ: MSFT) buyout bid. Instead, the Chinese company with a wildly popular video-sharing app chose Oracle (NYSE: ORCL) as its future partner in what has been a hotly contested bidding war.To be clear, this is not an outright sale of the app, as was expected. Oracle has only brokered a partnership deal.
So what benefits can Oracle expect?
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Source Fool.com
