TikTok to Pursue Partnership with Oracle; Microsoft Proposal Rejected

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ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a U.S. ban while appeasing China’s government, people familiar with the matter told Reuters. The decision between TikTok and Oracle to become business partners in the United States is expected to satisfy the Trump administration’s national security concerns.The White House had imposed a September 20 deadline for ByteDance to announce a plan for a sale of TikTok in the U.S. or be banned by September 29, and a deal would have to be done by November 12.Microsoft Bows Out of Deal to Buy TikTokMeanwhile, Microsoft said Sunday that ByteDance had chosen not to sell it TikTok’s U.S. assets.The exact nature of the agreement between TikTok and Oracle remains unclear, but it was not described as an outright sale. The news about Oracle came just after Microsoft announced that it will not buy TikTok’s U.S. operations from ByteDance.“We are confident out proposal would have been good for TikTok’s users, while protecting national security interests,” Microsoft said in a blog post Sunday. “To do this, we …

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