Sunday, May 26, 2024

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.”

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