Microsoft Abandons $3 Billion Oracle Cloud Deal Over Security Concerns
Microsoft reportedly walked away from a $3 billion deal to lease cloud capacity from Oracle due to security concerns, causing semiconductor stocks to tumble. Oracle, however, stated that details in the report of a failed deal were inaccurate.
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Microsoft walked away from a $3 billion deal to lease Oracle cloud capacity over security concerns
Microsoft CEO Satya Nadella. JASON REDMOND/AFP via Getty Images Microsoft wanted to lease Oracle's cloud, sources say. The deal could have been worth more than $3 billion. Oracle didn't want to add a security framework to handle U.S. government data to its public cloud. Microsoft walked away from the deal and is exploring other options. Microsoft was recently in talks with Oracle about leasing the company's cloud infrastructure, but the deal fell through due to security and compliance conce...
Read full article →Oracle says details in report of failed Microsoft cloud deal 'inaccurate'
Read full article →Semiconductor Stocks Tumble After Microsoft Balks At $3B Oracle Cloud Deal
Semiconductor Stocks Tumble After Microsoft Balks At $3B Oracle Cloud Deal Chip stocks tumbled even further in late Tuesday trading following a report that Microsoft just walked away from talks with Oracle about leasing the company's cloud infrastructure because of concerns over security and compliance. The deal, according to Business Insider, would have been worth over $3 billion - as large Silicon Valley tech companies are running short on computing power (more on that lat...
By Tyler Durden
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