ByteDance has selected Oracle as its partner for a deal to keep TikTok operating in the U.S., a source familiar with the talks confirms toThe decision comes as ByteDance has rejected a bid by Microsoft that earlier this summer was seen as the likely option for the company as it looked to avoid a shutdown of the popular social media app amid increased tensions between the U.S. and China. Microsoft confirmed that its bid had been rejected in a statement on its corporate blog on Sunday night.
But ByteDance, facing a short timeline to strike a deal, ultimately felt that Oracle — which has curried favor with Trump — was the best partner to address the security concerns that have plagued the app since it first came to the U.S. in 2018. According to the source, Oracle is being brought on board as a tech partner and not as an outright buyer of TikTok's U.S. business. It's unclear whether Oracle will acquire a share in TikTok as a result of the partnership.
The news follows an Aug. 6 executive order from Trump that called for TikTok to be banned in the U.S. if ByteDance didn't sell its American operations. Trump has cited national security concerns as the reason for the ban, arguing that ByteDance could give the Chinese government access to data from its U.S. users. The company was given a mid-September deadline to divest of the business.
China complicated ByteDance's ability to strike a deal when, in late August, it issued new export rules that would prevent TikTok from selling the technology that powers the algorithm behind its addictive"For You" feed, which learns about user behavior over time in order to serve up the most relevant videos.
TikTok shit
Anyways WAP
Does the sale of Tik Tok to US interests completely remove the Chinese element?
Screw TikTok the environment on there is sooo toxic and degrading
Incoming weird ass 12 year old Twitter stans
Magic
Why tiktok isn't cancelled yet? Tiktok should be cancelled along with those delulu tiktokers 💀
What?
tanked
We actually don’t cr€ about tiktok
who is Oracle
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TikTok Sale: ByteDance Rejects Microsoft Bid, Partners With OracleMicrosoft had been seen as the favorite to move forward in negotiations as ByteDance looked to avoid a shutdown of the popular social media app amid increased tensions between the U.S. and China. Zero point zero percent chance this deal ever closes. SORRY TIK TOK YOU ARE GONE. They are not really buying it they are just a trusted tech partner, basically licensed to use it. It’s how tik toc plans to get around the rules.
Source: THR - 🏆 411. / 53 Read more »
TikTok Sale: ByteDance Rejects Microsoft BidThe Beijing-based tech giant is expected to name Oracle as its preferred partner to keep TikTok operating in the U.S.
Source: THR - 🏆 411. / 53 Read more »
TikTok Sale: ByteDance Rejects Microsoft BidByteDance has rejected Microsoft&39;s bid for the U.S. operations of TikTok, a move that leaves Oracle as the likely partner for a deal to keep the popular social media app operating amid increased tensions between the U.S. and China. tiktok is over. roblox outsold. WHY NOOOOO Bill gates fumbled the bag
Source: billboard - 🏆 112. / 63 Read more »
ByteDance picks Oracle in high-profile bid for video app TikTokThe win for Oracle came after its top rival, Microsoft, announced on Sunday that its effort had fallen short. lol. oracle, the place good software goes to die. Brazil Is In Flames! helppantanal helpamazonia 🔥🇧🇷 Oregon, California & Washington states new flag will include a hammer & sickle.
Source: politico - 🏆 381. / 59 Read more »
Microsoft’s Bid for TikTok Rejected by ByteDanceMicrosoft’s bid to buy the U.S. operations of the Chinese video app TikTok was rejected on Sunday, the company announced. The tech giant was seen as a frontrunner to acquire the U.S. assets o… Isn’t that like Chinese folks buying other Chinese folks? I thought Microsoft was still infested with Chinese spies...having them buy TikTok wouldn’t benefit America much. My peepee would still be spies on by Xi Jinping.. XiJinpingReal Goodbye for ever tik tok. Nobody’s gonna miss you
Source: Variety - 🏆 108. / 63 Read more »
TikTok owner ByteDance rejected Microsoft bid for app's US operations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. meh. asskisser Zhang did sth brave for the first time. kudos to him this time. earned my tiny bit of respect for the first damn time. oh. I forgot. if he sold it. we will do exactly the same by Trump to douyin as tiktok sold to USA.China NS severely Oracle doesn’t make it either -
Source: BusinessInsider - 🏆 729. / 51 Read more »