Microsoft walked away from $3 billion deal with Oracle: Here’s what happened as per Oracle

Microsoft has reportedly walked away from a potential cloud infrastructure leasing deal with Oracle that could have been worth more than $3 billion, according to a report by Business Insider. The report claimed that the talks between the two tech giants collapsed over security and compliance concerns, specifically Oracle’s lack of Federal Risk and Authorization Management Program (FedRAMP) certification for its public cloud. However, Oracle has disputed the account. In a statement to Reuters, the company said: “The details mentioned in the article are inaccurate. Microsoft is both an OCI partner and a customer. We have a tremendously collaborative and fruitful partnership, where we often talk about ways we can expand upon our ongoing work together.”