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Oracle wins deal for TikTok US business, Microsofts bid rejected
Updated On: 14 September, 2020 12:00 AM IST | | IANS
This is different from an outright sale and appears to suggest Oracle will help run TikTok-s US operations with its Cloud technologies

Oracle logo is pictured at the RSA Conference 2007 in San Francisco. US tech giant Microsoft said September 13 its offer to buy TikTok was rejected, leaving Oracle as the sole remaining bidder ahead of a looming deadline for the Chinese-owned video app to
Bytedance, the Chinese owner of TikTok, has chosen Cloud major Oracle over Microsoft to run its US operations as a -trusted tech partner-, multiple media reports revealed on Monday while an official announcement was still awaited.
According to The New York Times, it was unclear whether TikTok-s choice of Oracle as a technology partner would mean that "Oracle would also take a majority ownership stake of the social media app".
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