TikTok chooses Oracle over Microsoft in Trump-forced sales bid
The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal who was not authorized to speak publicly about it.
Microsoft announced Sunday that its bid for TikTok was rejected, removing the tech giant from the running a week before President Donald Trump promised to follow through with a plan to ban the Chinese-owned app in the U.S. over spying concerns.
TikTok declined to comment Sunday. Oracle didn’t return a request for comment.
The Trump administration has threatened to ban TikTok by Sept. 20 and ordered ByteDance to sell its U.S. business, claiming national-security risks due to its Chinese ownership. The government worries about user data being funneled to Chinese authorities. TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban. Any deal must still be reviewed by the Committee on Foreign Investment in the U.S.
