Oracle boots out Microsoft and wins bid for TikTok, reports say

Enterprise provider Oracle is said to have won the bidding war for the U.operations of TikTok, a chase in which Microsoft was booted out earlier today. TikTok and Oracle did not immediately respond to TechCrunch for comment. The Wall Street Journal writes that Oracle will be announced as TikTok’s “trusted tech partner” in the United States Additionally, the Journal cites that a person familiar with the matter says the deal is “likely not to be structured as an outright sale.” Oracle’s alleged purchase of TikTok’s U.operations would put an end to the unclear fate of the app within the country. The reported buy comes days before September 20, the day that the Trump administration set for a ban on TikTok’s operations if the company doesn’t reach an agreement with a buyer.

Link: Oracle boots out Microsoft and wins bid for TikTok, reports say
via techcrunch.com

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