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Report: TikTok Deal Moves Forward with Oracle

Michelle Quinn

   ByteDance, the Chinese company behind the wildly popular video sharing
   app TikTok, has rejected Microsoft's bid to buy the app and appears to
   be leaning toward a deal with investors led by Oracle.

   The Trump administration has given ByteDance until September 20 to make
   a deal or stop operating inside the U.S.

   On Sunday, the [1]New York Times reported that Microsoft's bid was
   rejected by ByteDance and that the Chinese company said that Oracle
   would be its "technology partner." It's unclear the terms of the deal
   being discussed.

References

   1. https://www.nytimes.com/2020/09/13/technology/tiktok-microsoft-oracle-bytedance.html

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