Confusion: Fog hanging over Oracle-TikTok acquisition deal

ByteDance

Just a few hours after the news broke that the much anticipated acquisition of TikTok’s US operation has ended in favour of Oracle, contrasting facts have emerged to create a bewildering understanding of the deal. Earlier reports showed that Microsoft, another big bidder against Oracle, was already out of the game with claims that its proposal had been rejected. In contrast to this notion however, China’s state broadcaster, CGTN, reported that ByteDance will not sell TikTok’s U.S. operations to Microsoft or Oracle, citing sources. ByteDance, the world’s most valuable startup…

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