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TikTok Nears Data-Storage Deal With Oracle for U.S. Users

    

    

Photographer: Hollie Adams/Bloomberg

TikTok, the popular Chinese-owned video app, is close to completing a deal with Oracle Corp. to store data from U.S. users on Oracle servers, according to a person familiar with the talks.

It’s not the first time the companies have negotiated a similar arrangement. In late 2020, TikTok announced that Oracle would become a minority owner of the service in an effort to appease demands from then-President Donald Trump, who tried to ban the app and force parent ByteDance Ltd. to sell TikTok’s U.S. business.