Satya Nadella said the TikTok-Oracle deal is unrecognizable from the one Microsoft bid on - Business Insider

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Satya Nadella said the TikTok-Oracle deal is unrecognizable from the one Microsoft bid on

Microsoft CEO Satya Nadella told CNET the deal struck between TikTok, Oracle, and Walmart looked nothing like the deal Microsoft originally bid on for TikTok's US operations.Oracle and Walmart announced their intentions to buy a 20% stake in TikTok on Saturday, but the deal is yet to win official government approval.The deal TikTok has managed to strike with Oracle and Walmart is a far cry from what it originally offered Microsoft, according to Microsoft CEO Satya Nadella.

The Oracle-TikTok deal comes after the Trump administration ordered that the popular, Chinese-owned app hive off its US operation or face a nationwide ban.

 

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