Oracle is currently in discussions with Skydance Media to reach a major software deal following the closing of the latter’s pending $8 billion merger with Paramount Global, according to Bloomberg.

Skydance Media, run by David Ellisonthe son of Oracle founder Larry Ellisonalready spends around $2.2 million annually on Oracle's cloud services. But with the Paramount deal in motion and backed ...

The aim is to place oversight control in the hands of American software company Oracle and other investors. Under federal law, TikTok must split apart from China, or face a nationwide ban.