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Q&A: What does a deal between TikTok and Oracle mean?

Q&A: What does a deal between TikTok and Oracle mean?

4 years ago
Anonymous $rxtAWepgzY

https://apnews.com/4eab38c608901de16e92facc1ed5debd

HONG KONG (AP) — TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a person familiar with the deal.

Microsoft, which had been vying for a deal, said in a statement Sunday that its bid to acquire TikTok's U.S. operations was rejected. That came a week before the Sept. 20 deadline for ByteDance to sell TikTok to an American company or risk being banned in the U.S. over national security concerns.

Q&A: What does a deal between TikTok and Oracle mean?

Sep 14, 2020, 11:13am UTC
https://apnews.com/4eab38c608901de16e92facc1ed5debd > HONG KONG (AP) — TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a person familiar with the deal. > Microsoft, which had been vying for a deal, said in a statement Sunday that its bid to acquire TikTok's U.S. operations was rejected. That came a week before the Sept. 20 deadline for ByteDance to sell TikTok to an American company or risk being banned in the U.S. over national security concerns.