Skip to content
Subscriber Only

Oracle Beats Microsoft in Deal for TikTok’s U.S. Operations

  • Oracle’s bid is said to be a partnership, not a full purchase
  • TikTok’s U.S. data could be housed in Oracle’s cloud servers
Video player cover image
Oracle Said to Be Picked as Winner for TikTok’s U.S. Assets
Updated on

Oracle Corp. edged out out rival Microsoft Corp. in negotiations over the weekend for the U.S. operations of TikTok, moving closer toward a deal for the Chinese-owned music-video app that could thwart a threat by U.S. by President Donald Trump to shut it down.

A deal between TikTok owner ByteDance Ltd. and Oracle will look more like a corporate restructuring than the outright sale Microsoft had proposed, though it is likely to include a stake in a newly configured American business, according to a person familiar with the negotiations who asked not to be identified because the information isn’t public.