Oracle chosen as TikTok’s tech partner, as Microsoft’s bid is rejected

Bytedance will not sell TikTok’s U.S operations to Microsoft, the U.S tech-giant said in a statement, with reports it has instead picked a consortium led by Oracle as a 'technology partner'.

ByteDance has been in talks to sell TikTok’s U.S business since Donald Trump threatened last month to ban the service if it was not sold.

The president’s executive order in August gave Americans until September 15 to stop doing business with the video platform’s Chinese parent company ByteDance, or it would be shut down in the U.S.

It effectively set a deadline for a potential pressured sale of part of the tech company to an American bidder.

 

Asianet.in/NewsDesk: Asianet Online