TikTok picks Oracle over Microsoft as possible U.S. suitor

With Tuesday's deadline forcing TikTok parent company ByteDance to divest itself of the short-form app's U.S. operations or get banned in the states, that a group led by U.S. tech firm Oracle has been chosen by TikTok to buy the U.S. version of the very popular app for an undisclosed amount. Just before Oracle was announced as the winner of the contest, Microsoft said that it had been informed by ByteDance that TikTok would not be sold to the software giant. The company was originally the front runner in a deal that was estimated to be valued at $20 billion dollars and up.

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