TikTok has rejected Microsoft deal in favour of Oracle: report

It was a surprise bidder in the race for TikTok’s US operations, but enterprise-software maker Oracle has apparently managed to court the popular video-sharing app, which is currently owned by Chinese technology company ByteDance.

TikTok has allegedly chosen California-based Oracle as its “technology partner” in a proposal to the White House, which would allow ByteDance to keep ownership of the app, while transferring data management to the US-owned Oracle, according to a report today from The Washington Post.

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