Friday, 24 March, 2023
Microsoft out of the league does not mean Oracle will get to buy TikTok
<p>ByteDance will not sell TikTok’s US ops to either Microsoft or Oracle, nor will the firm give the source code to any US buyer, a new report by Chinese state media CGTN said quoting sources. Microsoft earlier announced that ByteDance had rejected its bid for TikTok’s acquisition; leaving Oracle as the only remaining bidder for TikTok. CGTN’s report confirms that Oracle will be TikTok’s “trusted tech partner” in the US. This doesn’t imply to Oracle buying TikTok.</p>
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