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Oracle Chosen as Winner in Deal for TikTok’s U.S. Operations

Oracle Corp. received the bidding for the U.S. operations of the video-sharing app TikTok, of us conversant within the matter said, beating out Microsoft Corp. in a high-profile deal to salvage a social-media sensation that has been caught at some stage of a geopolitical standoff.

Oracle is decided to be launched as TikTok’s “relied on tech companion” within the U.S., and the deal is reputedly now no longer to be structured as an outright sale, the of us said.

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