TikTok Close To Storing US Data With Oracle: Reuters

• TikTok is close to forging a deal for Oracle Corp (NYSE:ORCL) to store its U.S. users' information without its Chinese parent ByteDance having access to it, Reuters reports.
• Oracle will store all of TikTok's U.S. user data on Oracle data servers under the new proposed partnership. 
• Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud currently stores some of TikTok's data.
• Previously the U.S. ordered ByteDance to divest TikTok over user data security concerns.
• Oracle had discussed acquiring a minority stake in TikTok in 2020 when ByteDance was under U.S. pressure to sell the app. 
• Price Action: ORCL shares traded higher by 0.28% at $76.31 on the last check Thursday