Oracle Corp. will reportedly take over TikTok’s business in the U.S. after China’s ByteDance rejected Microsoft Corp.’s offer.
That report came shorty after Microsoft MSFT, -0.65% said in a blog post that its bid for TikTok had been turned down. Neither Microsoft nor ByteDance offered an explanation for why the deal was rejected. TikTok faces a Sept. 20 deadline to sell its U.S. operations or face a ban by the Trump administration.
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Source: WSJ - 🏆 98. / 63 Read more »