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.