Wednesday, September 30, 2020

Microsoft won’t buy TikTok; Oracle reportedly will be the app’s “partner”

Microsoft won’t buy TikTok; Oracle reportedly will be the app’s “partner”

You can now count out Microsoft as a potential buyer of the popular social networking app TikTok. The company issued a brief statement today, saying that TikTok’s parent company ByteDance decided not to sell off its U.S. operations to Microsoft.

However, The Wall Street Journal is reporting that Oracle will in fact be involved in TikTok in the U.S. The report claims the deal won’t be an outright sale of TikTok’s U.S. operations. Rather, Oracle will now become the app’s “trusted tech partner”. It’s hoped that this deal will be enough to convince the Trump administration to not ban U.S. businesses from working with TikTok. As of this writing, Oracle has yet to comment on any possible deal with ByteDance and TikTok.

You can now count out Microsoft as a potential buyer of the popular social networking app TikTok. The company issued a brief statement today, saying that TikTok’s parent company ByteDance decided not to sell off its U.S. operations to Microsoft.

In its statement this evening, Microsoft claims that its proposal to take over TikTok’s U.S. operations would have been a good one for its many users. However, it added that had a deal gone through, Microsoft would have made “significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation.”

Recent Articles

LG Wing for $1,000 when it launches on October 15.

LG Wing for $1,000 when it launches on October 15. You no longer have to wonder when you can get your hands on the LG Wing,...

OnePlus has teased the debut of a “OnePlus World” on October 1

OnePlus has teased the debut of a “OnePlus World” on October 1 OnePlus may precede the 8T launch with the debut of something… different. The company has teased...

Google is extending unlimited Meet video calls for Gmail users until March 31, 2021

Google is extending unlimited Meet video calls for Gmail users until March 31, 2021 Google’s unlimited free Meet video calls for Gmail accounts will last several months...

Infinix Hot 10 Lite With MediaTek Helio A20 SoC, 5,000mAh Battery Launched

Infinix Hot 10 Lite With MediaTek Helio A20 SoC, 5,000mAh Battery Launched Infinix Hot 10 Lite has been launched in Africa. While the Lite variant...

BMW 2 Series Gran Coupe India launch on October 15, 2020

BMW 2 Series Gran Coupe India launch on October 15, 2020 The BMW 2 Series Gran Coupe, the brand’s smallest four-door, will be launched in India...

Related Stories

Stay on op - Ge the daily news in your inbox