https://arstechnica.com/tech-policy/2020/09/oracle-one-of-donald-trumps-favorite-companies-wins-tiktok-deal/

Oracle has apparently won the competition to take over TikTok's US operations. Microsoft disclosed on Sunday that ByteDance, TikTok's Chinese owner, rejected Microsoft's rival bid earlier in the day.

The Wall Street Journal reports that the deal will not be an outright sale. Instead, Oracle will become ByteDance's US "tech partner." The details of the transaction aren't yet public but they will soon be submitted to US regulators for their approval.