Oracle Picked as Winning Bid for TikTok U.S. Over Microsoft: WSJ
- Oracle has been selected as the winner, the Journal reports
- Beijing remains a potential sticking point in a deal
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Oracle Corp. has been selected as the winning bidder for TikTok’s U.S. operations, the Wall Street Journal reported, after Microsoft Corp. said its bid was rejected by parent company ByteDance Ltd.
Oracle will be announced as TikTok’s “trusted tech partner” in the U.S., the Wall Street Journal reported, citing an unidentified source. The eventual deal won’t be structured as an outright sale, the Journal added.