Larry Ellison discussing Oracle Cloud on stage in 2016. Photo by Bloomberg
Exclusive
Enterprise Google

With TikTok Deal, Oracle Could Gain Billion-Dollar Cloud Customer

Photo: Larry Ellison discussing Oracle Cloud on stage in 2016. Photo by Bloomberg

Oracle’s deal to act as TikTok’s new “trusted technology partner” could be worth more than $1 billion in potential revenue annually for Oracle’s cloud business in the coming years, according to previously undisclosed data viewed by The Information.

Revenue from housing TikTok’s data on Oracle’s servers would provide a major lift to the database company’s cloud efforts, which lag far behind those of its rivals. The deal would also take business away from Google and Amazon, cloud competitors that have counted TikTok as a major customer in the past year or two as the app grew. Financial details of TikTok’s cloud spending shed new light on the high-stakes courtship for the viral video app among the biggest enterprise tech companies, including Microsoft, which until two weeks ago was seen as the leading contender to buy the app’s U.S. operations outright. 

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing Google Entertainment
YouTube Checkmates Roku
Google's Mountain View campus. Photo by Bloomberg.
In the power struggle between YouTube and Roku, the Google-owned video giant may have just outmaneuvered its smaller rival. YouTube today announced it was making YouTube TV, the cable TV-like subscription service at the center of the dispute, available within its main app on Roku devices and later on other devices. The move effectively short-circuited Roku’s decision a week ago to remove...
Latest Briefs
 
Splunk Adopts Permanent Remote Work Policy
New Software Platform The Archivist Raises $2 Million From Ashton Kutcher, Edward Norton
Ant Group Looks to Revamp Healthcare Service Amid Beijing’s Crackdown
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Org Charts Google
At Booming Google, Search Chief Gives More Love to Product Managers
Even as Google’s business booms and hiring accelerates, senior leaders have made changes to the unit housing its biggest moneymakers—web search and advertising.
Branded president Michael Ronen. Photo provided by Branded
The Big Interview Venture Capital Startups
Branded Joins Frenzy of Startups Acquiring Amazon Merchants, Finds Profits
Michael Ronen recently learned more than he ever thought he’d know about soap. Ronen runs Branded, a startup that buys up successful small businesses who sell their wares on Amazon.
Photos by Bloomberg; Illustration by Mike Sullivan
Exclusive Facebook
Zuckerberg’s Plan to Repair Facebook’s Image: More Zuckerberg
During a companywide Q&A with Facebook employees last Thursday, CEO Mark Zuckerberg turned to a question about a recent uptick in posts on his Facebook page, including a joke he made referencing the actor Vin Diesel a few days prior.
Data Point
Inside Rounds Hit Record $30 Billion as Investors Double Down
Venture capitalists may be getting too comfortable with marking up their own portfolios. The number of inside rounds, or VC deals in which only a startup’s previous investors participate, reached a high of over 1,000 in the U.S.
Yahoo's headquarters in 2018. Photo by Bloomberg
The Briefing Media/Telecom Apple
Verizon Dumps Yahoo-AOL for Rock-Bottom Price
Greetings! For digital history buffs, Verizon’s $5 billion sale today of its Yahoo-AOL media group to Apollo is an opportunity to take a stroll down memory lane, marveling at how much the value of the two former internet titans has shriveled in 20 years.
The Takeaway Google Apple
Why There Is More to the Big Tech Growth Story
Ahead of the largest tech companies’ earnings reports this week, expectations were high. But when Google, Facebook, Amazon, Microsoft and Apple reported their quarterly numbers, they exceeded analysts’ expectations and sent their stocks (mostly) soaring.