Oracle wins deal for TikTok US biz, Microsoft’s bid rejected

Bytedance, the Chinese owner of TikTok, has chosen Cloud major Oracle over Microsoft to run its US operations as a ‘trusted tech partner, multiple media reports revealed on Monday while an official announcement was still awaited.

According to The New York Times, it was unclear whether TikTok’s choice of Oracle as a technology partner would mean that “Oracle would also take a majority ownership stake of the social media app”.

This is different from an outright sale and appears to suggest Oracle will help run TikTok’s US operations with its Cloud technologies.

In an official statement, Microsoft said its bid for TikTok operations in the US was rejected.

“ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests,” Microsoft said.

“To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation, and we made these principles clear in our August statement,” the tech giant added.

After TikTok was banned in India in June, along with 58 other Chinese apps, the Donald Trump administration in the US increased pressure on the ByteDance-owned platform to sell its US operations by mid-September or face a ban.

Read More: https://www.bhaskarlive.in/oracle-wins-deal-for-tiktok-us-biz-microsofts-bid-rejected-ld/