Oracle To Buy Tiktok Us Operations

Amid reports monday morning that oracle has won the battle with microsoft to acquire tiktoks us.

Oracle to buy tiktok us operations. Oracle corp has held preliminary talks with tiktoks chinese owner bytedance and was seriously considering buying the. Chinese tech company bytedance has decided to sell its video sharing app tiktoks us operations to a consortium led by oracle reports said on monday. This comes soon after rival bidder microsoft. The deal means oracle wont fully acquire tiktok or parts of the video app but instead help run its.

Oracle corp has held preliminary talks with tiktoks chinese owner bytedance and was seriously considering buying the apps operations in the united states canada australia and new zealand the. Microsoft is particularly interested in buying tiktok in europe and india. Technology partner in the us. Operations was denied a rival bid by software giant oracle has been approved by chinese company bytedance to take.

Computer software company oracle has won the bidding for tiktok s us operations a source told the wall street journal. Bytedance the chinese parent company of tiktok has chosen oracle to be its us. Tik tok oracle white house hours after microsofts bid to purchase tiktoks us. Tiktok has reportedly struck a deal with oracle to sell its us.

Oracle has entered the race to acquire tiktok the popular chinese owned short video app that president donald trump has vowed to shut down unless it is taken over by a us company by mid november. Operations chinas state run english tv channel is claiming that no sale with any us. Oracle has won a deal to help run tiktoks us operations as a trusted technology partner.