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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How Oracle defeat Microsoft to Acquire TikTok’s US operations

oracle acquire tiktok

Enterprise provider Oracle  is said to have won the bidding war for the U.S. operations of TikTok, a chase in which Microsoft was booted from earlier today. A TikTok  spokesperson said the company would not comment on rumors or speculation. Oracle did not immediately respond to media request for comment either. The Wall Street Journal writes that Oracle, a rare ally of the Trump administration in Silicon Valley, will be announced as TikTok’s “trusted tech partner” in the United States. Additionally, the Journal cites that a person familiar with the…

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