Oracle has still not confirmed the news.
Microsoft was one of the few companies bidding to purchase TikTok’s US operations after pressure from the US government – but it looks like that is no longer the case since Microsoft has confirmed that TikTok owner ByteDance has declined their offer. Now reports are saying that Oracle’s bid was the one accepted by ByteDance, though the company still hasn’t made any announcements.
“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,” Microsoft said in a statement.
The sale of TikTok’s US operations came from President Trump’s threats on banning the popular social media platform if it remains under the control of the Chinese. The deadline is on September 15th, and ByteDance could announce its buyer by tomorrow.
TikTok has grown to be one of the most popular platforms online, which currently has more than 800 million active users with the app being downloaded more than 2 billion times.