Oracle says details in report of failed Microsoft cloud deal talks 'inaccurate'

June 16 (Reuters) - Oracle ‌said on ​Tuesday ​that details in a Business Insider report on the collapse of its discussions with Microsoft ‌over a potential leasing deal were inaccurate.

The report ⁠had said that Microsoft's discussions with Oracle regarding a cloud ‌infrastructure leasing deal have ‌fallen apart due to security and compliance concerns.

Microsoft declined to comment on the report, which cited people ​familiar with the matter. Reuters could not independently verify the report.

Microsoft planned to shift some ⁠workload to Oracle's cloud infrastructure. But Oracle's public cloud lacked Federal Risk ​and Authorization Management Program, a required security framework for handling U.S. government data, and the ​company was unwilling to add ‌it, according to the report.

The deal could have been worth more than $3 billion, the ⁠report from Business Insider said, citing one of the people.

Microsoft is seeking a deal or deals with other cloud ⁠providers to prioritize its own Azure cloud computing resources on ​customers, according to the report.

"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," ⁠an Oracle spokesperson said ‌in an emailed ​response.

(Reporting by Jaspreet Singh in Bengaluru and Juby Babu in Mexico City; Editing by Leroy ‌Leo)

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