BUSINESS
Microsoft rejected, Oracle wins bid for TikTok’s US operations
By Kenneth Garger
September 13, 2020 | 8:56pm
tiktok
Sheldon Cooper/SOPA Images/LightRocket via Getty Images
Microsoft’s bid to purchase TikTok’s US operations was rejected, the company announced Sunday, with Oracle reportedly winning the bid to help run the popular social media app in the states.
The deal between Tiktok’s Beijing-based owner ByteDance and Oracle is not believed to be structured as an outright sale, a source told The Wall Street Journal.
Instead, the software giant is set to be the app’s “trusted tech partner,” in the US, the report said.
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READ MORE: https://nypost.com/2020/09/13/microsoft-rejected-oracle-wins-bid-for-tiktoks-us-operations/
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