TikTok: Byte Dance joins hands with Oracle after rejecting Microsoft bid

Sep 14 2020 11:07 AM
TikTok: Byte Dance joins hands with Oracle after rejecting Microsoft bid

There are many TikTok lovers all over the world but now this app has been banned in India. Now another big news has come in the meantime. Microsoft is not going to buy the Chinese short video app TikTok. Recently American company Microsoft has said that 'TikTok's parent company Byte Dance has rejected Microsoft's bid, which is why this decision was taken. TikTok is going to be banned in America as well. Not only this, but President Trump has also given time of 100 days to Byte Dance and asked it to sell TikTok to America.

In a report, it has been told that now American company Oracle can buy American business of TikTok. Meanwhile, Microsoft has issued a statement in which it has been said that "Byte Dance has said that they will not sell their American operation to Microsoft". In August, Microsoft released a statement, in which it was told that the company is preparing to buy TikTok's US, Canada and New Zealand business.

Now that Microsoft's bid has been rejected, the American company Oracle is now ahead in this race. It has been revealed in a report that Oracle is also showing interest in buying TikTok's American business. As of now, neither Oracle nor TikTok's parent company Bytedance has confirmed that Oracle has won the bid to buy TikTok's US operation.

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