Microsoft abandoned talks to lease Oracle Cloud capacity citing compliance and security concerns, potentially worth over $3 billion.
Microsoft terminated negotiations to lease Oracle Cloud infrastructure after raising security and compliance issues. The deal, which could have exceeded $3 billion, was part of Microsoft’s broader cloud expansion strategy.
The companies had been in discussions recently, but concerns over data protection and regulatory compliance led Microsoft to walk away. Oracle has not commented on the breakdown of talks.
Microsoft is reportedly exploring alternative cloud leasing options to meet growing demand for its services.