The Next Web : Computer technology giant Oracle today announced that it has agreed to acquire Eloqua, a publicly-listed company that provides cloud-based marketing automation and revenue performance management software, coughing up close to $871 million or $23.50 per share. That’s a 31.1% premium over Eloqua’s stock price at yesterday’s market close.
President Donald Trump said he approved a deal on Saturday that will see the creation of a U.S.-headquartered firm called TikTok Global with Oracle and Walmart taking minority stakes. Oracle will become TikTok's secure cloud provider and host U.S. user data.
TikTok rejected Microsoft bid. They will make a partnership with Oracle to appease the demands of Donald Trump's administration.
In the ongoing saga between TikTok and the US, it seems that Microsoft and Oracle are now out of contention. Here's what to know.
