Friday, October 23

bytedance

Apps & Games, bytedance, News, Oracle, TikTok

ByteDance Chooses Oracle Over Microsoft in TikTok Sale Offer: Report

Enterprise software giant Oracle reportedly won the tender for TikTok's US operations. Wall Street Journal. The company will be announced as the new "trusted technology partner" for TikTok in the US. Wall street journal it also notes that the finalized deal will not be structured as a direct sale. Oracle's alleged purchase of TikTok's US operations comes a few days before the Trump administration's deadline for the company to sell its operations or face a ban. This report also comes as Microsoft confirmed that TikTok's parent company ByteDance rejected their proposal. “ByteDance let us know today that they would not sell TikTok's US operations to Microsoft. We are confident that our proposal would have been good for TikTok users, while protecting national ...