Home TikTok Oracle Said to Be Winner for TikTok’s U.S. Cloud Assets

Oracle Said to Be Winner for TikTok’s U.S. Cloud Assets

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Oracle Corp. has won the race to buy TikTok’s US operations, according to a Bloomberg report citing people familiar with the talks, after main rival Microsoft Corp. said its offer for the video app had been rejected.

The Oracle Deal comes after the Chinese tech company ByteDance decided not to do a forced sell or transfer of it’s source code behind the popular video-sharing app, source says the Decision comes in the final countdown to Trump’s deadline for the sale of American operations. [SCMP]

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