Oracle won the bidding for the operations of the well known video-sharing app TikTok in the United States, reports say.
The Wall Street Journal (WSJ) stated in their report that Oracle is set to be announced as TikTok’s “trusted tech partner” in the U.S. In addition, WSJ also cited that “the deal is likely not to be structured as an outright sale.”
However, based on the update provided by the TechCrunch today, a TikTok spokesperson has stated that the company doesn’t comment on rumors or speculation, while the Oracle has not yet provided them a response.
Microsoft, on the other hand, has released an official statement on TikTok, confirming that the the Chinese company ByteDance would not be selling TikTok’s operations to them.
Here’s the full statement provided by Microsoft on September 13, 2020:
“ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”
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Source: TechCrunch, The Wall Street Journal, CNN, Microsoft