in a bid that still has to be reviewed by the US Treasury Department.
Oracle has submitted a proposal to the US Treasury Department for approval, and details of the deal are still coming into focus. While the unpredictable nature of the TikTok deal — and the need for any bid to overcome lawmakers' national security concerns around the app — makes it difficult to rule out any outcome, it appears Microsoft's quest to acquire a stake in the wildly popular short-video app has come to an end.
As political pressures mounted, however, the potential deal became less about the traditional terms of an acquisition, such as price, with Microsoft and TikTok instead exploring multiple potential arrangements that could help a bid pass muster with the White House, per a person familiar with the matter whose identity is known to Business Insider.when the Chinese government revised export rules
"Microsoft has significant deal prospects on the horizon," Ives said. "There could always be more surprises around the corner."
Ya buying tiktok seemed like a complete waste of time
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