Oracle Reportedly Wins Bid to Control TikTok in U.S., Microsoft Out

Oracle Reportedly Wins Bid to Control TikTok in U.S., Microsoft Out

This new condition to a deal with a US company comes as the Trump Administration has given ByteDance until Tuesday to sell TikTok.

The rejection leaves Oracle, a cloud computer corporation, as the sole known suitor for TikTok's U.S. operations.

Microsoft on Sunday said ByteDance will not be selling TikTok's USA operations to the company. Oracle will be ByteDance's technology partner and will handle TikTok's U.S. user data, the source added.

According to reports, China also stood against "forced sale" of TikTok to the U.S. company, saying it would rather prefer to see the app shut down in the United States.

TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.

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Oracle has been selected to purchase TikTok's U.S. operations over Microsoft - though, according to The Wall Street Journal, the deal won't be structured as a sale.

Microsoft is pulling the plug on any potential plans to take over TikTok's operations here in the States - but a new player has reportedly emerged to take the spoils. Oracle didn't immediately respond to a request for comment. His executive order formalizing the ban threat was issued two days later.

TikTok also declined comment Sunday.

Trump has even said that he believes the USA government should receive a cut of whatever agreement is eventually made to sell TikTok's American assets, a move that tech experts say could set a risky precedent for future worldwide tech deals. "To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement".

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