TikTok: ByteDance ‘to partner with Oracle’ in US after rejecting Microsoft bid
Oracle reported to be ‘technology partner’ after Donald Trump set a 15 September deadline for US businesses to stop dealing with Bytedance
Bytedance will not sell TikTok’s US operations to Microsoft, the US tech-giant said in a statement, with reports it has instead picked a consortium led by Oracle as a “technology partner”.
ByteDance has been in talks to sell TikTok’s US business since Donald Trump threatened last month to ban the service if it was not sold. The president’s executive order in August gave Americans until 15 September to stop doing business with the video platform’s Chinese parent company ByteDance, or it would be shut down in the US. It effectively set a deadline for a potential pressured sale of part of the tech company to an American bidder.Continue reading…