Oracle to Partner With TikTok For US Operations After Microsoft’s Bid Rejected
TikTok owner ByteDance has chosen Oracle over Microsoft to sell out the United States operations of the popular video-sharing app. On Sunday, Microsoft confirmed that its bid for TikTok has been rejected by the Chinese company.
“Bytedance let us know today they would not be selling TikTok’s US operations to Microsoft,” the tech giant said in a statement.
Earlier, US President Donald Trump had asked ByteDance to sell out the operations of TikTok to avoid a ban in the country by mid-September. The US government had alleged threat to the national security due to the app’s Chinese ownership.
For the fresh deal, Walmart had proposed to partner with Microsoft. However, after the rejection of Microsoft’s bid it is yet to be seen if Walmart will be interested in partnering with Oracle, which has declined to comment on the matter.
TikTok has also remained quiet on the subject so far.
Expressing disappointment, Microsoft stated that it was confident its “proposal would have been good for TikTok’s users, while protecting national security interests.”
“The company would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation,” Microsoft added.
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