Oracle wins bid to buy US TikTok assets, edging out Microsoft, reports say

//Oracle wins bid to buy US TikTok assets, edging out Microsoft, reports say

Oracle wins bid to buy US TikTok assets, edging out Microsoft, reports say

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.ByteDance Ltd., TikTok’s parent, turned down Microsoft’s bid to buy TikTok’s US assets and the deal with Oracle is narrower, appearing more like a corporate restructuring than an outright sale, according to the Bloomberg report, citing one of the people familiar.Microsoft said in a…

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By | 2020-09-14T02:05:58+00:00 September 14th, 2020|Technology|Comments Off on Oracle wins bid to buy US TikTok assets, edging out Microsoft, reports say