Oracle is said to be the surprise buyer in TikTok deal, while Microsoft is out

And the winner of the TikTok bidding conflict is… Oracle?

In step with NBC Information, Oracle and TikTok reached an settlement to shop for TikTok’s United States operations. Neither corporate has showed the deal (NBC cited “a supply with direct wisdom”). 

What has been showed, on the other hand, is that Microsoft is formally out of the operating. The corporate stated Sunday evening that TikTok father or mother ByteDance would now not be promoting TikTok to Microsoft. 

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