Oracle beats out Microsoft to buy TikTok's US operations
Oracle has been selected to purchase TikTok's US operations over Microsoft — though, according to The Wall Street Journal, the deal won't be structured as a sale. Minutes before the news broke, Microsoft revealed that it wouldn't be involved in any deal even though it reportedly had Trump's blessing ahead of the app's anticipated ban.
We'll probably know more about the deal in the upcoming days, but The Wall Street Journal claims that Oracle has been selected over other suitors in the TikTok US bidding war, salvaging the service's operations ahead of the September 15th ban.
Read MoreOracle beats out Microsoft to buy TikTok's US operations was written by the awesome team at Android Police.
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Ryne Hager The deal reportedly won't be structured as an outright 'sale,' though
Oracle has been selected to purchase TikTok's US operations over Microsoft — though, according to The Wall Street Journal, the deal won't be structured as a sale. Minutes before the news broke, Microsoft revealed that it wouldn't be involved in any deal even though it reportedly had Trump's blessing ahead of the app's anticipated ban.
We'll probably know more about the deal in the upcoming days, but The Wall Street Journal claims that Oracle has been selected over other suitors in the TikTok US bidding war, salvaging the service's operations ahead of the September 15th ban.
Read MoreOracle beats out Microsoft to buy TikTok's US operations was written by the awesome team at Android Police.
https://ift.tt/313Vjux September 14, 2020 at 02:12AM
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