TikTok rejects Microsoft, picks Oracle in Trump-forced sales bid
Channel: Times Of India
Date: 2020-09-14

The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app. Microsoft announced Sunday that its bid for TikTok was rejected, removing the tech giant from the running. The Trump administration has threatened to ban TikTok by Sept. 20 and ordered ByteDance to sell its U.S. business. It’s not clear if the proposed acquisition will only cover TikTok’s U.S. business, and, if so, how it will be split from the rest of TikTok’s social media platform.



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