News

Oracle Wins Bidding for TikTok in U.S., After Microsoft Proposal Rejected

Oracle Corp. won the bidding for the U.S. operations of the video-sharing app TikTok, people familiar with the matter said, beating out Microsoft Corp. in a high-profile deal to salvage a social-media sensation that has been caught in the middle of a geopolitical standoff.

Oracle is set to be announced as TikTok’s “trusted tech partner” in the U.S., and the deal is likely not to be structured as an outright sale, the people said.

Read More

READ MORE:   China tries to revive economy but consumer engine sputters

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close