Oracle Chosen as Winner for TikTok’s U.S. Operations, DJ Says
The logo for ByteDance Ltd.'s TikTok app is displayed on a smartphone in an arranged photograph in Beijing, China, on Wednesday, Sept. 2, 2020. U.S. President Donald Trump said he's told people involved in the sale of the U.S. assets of ByteDance's TikTok that the deal must be struck by Sept. 15 and the federal government must be "well compensated," or the service will be shut down. Photographer: Yan Cong/Bloomberg
, Bloomberg
Max Zimmerman, Bloomberg News
(Bloomberg) -- Oracle to be announced as TikTok’s “trusted tech partner” in the U.S., Dow Jones reports, citing sources.
- Deal is not likely to be structured as an outright sale
- NOTE: Microsoft Says ByteDance Rejected Its Bid for TikTok in the U.S.
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