Key facts
- Oracle has disputed a Business Insider report stating its cloud infrastructure deal with Microsoft collapsed.
- The report cited security and compliance concerns, including Oracle's lack of FedRAMP authorization, as reasons for the deal's failure.
- The potential deal was valued at over $3 billion.
- Oracle stated its partnership with Microsoft is collaborative and fruitful, and that Microsoft is both a partner and customer.
- Microsoft declined to comment on the report.
Oracle has disputed details in a Business Insider report that claimed discussions with Microsoft over a potential cloud infrastructure leasing deal, valued at over $3 billion, had collapsed due to security and compliance concerns. The report had cited Oracle's public cloud infrastructure lacking FedRAMP authorization, a required security framework for handling U.S. government data, and Oracle's alleged unwillingness to add it.