✉news TechnologyGadgets first seen 2 d ago, last 1 d ago, peak #19
Oracle Scraps $7 Billion Tencent Deal Amid US Scrutiny
Original: Oracle Scraps $7 Billion Tencent Deal as US Scrutinizes Cloud Access
Oracle has abandoned a $7 billion cloud agreement with Tencent, following US government concerns over Chinese access to American cloud infrastructure. The deal, reportedly worth billions in cloud services for Tencent's operations, was dropped as regulators tighten oversight of foreign entities using US data centers. The move highlights growing tensions between Washington and Chinese tech firms, and signals stricter controls on cloud access for Chinese companies operating globally.
Why now: Ongoing US regulatory pressure on Chinese tech companies and cloud access has forced Oracle to walk away from a major deal.
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