Microsoft’s Offer To Buy Us TikTok Rejected
MICROSOFT'S OFFER TO BUY US TIKTOK IS REJECTED -- ORACLE TO PARTNER INSTEAD
(CNN) – Oracle and TikTok will partner for U.S. operations; according to a source familiar with the matter.
It’s not exactly a sale, but it’s meant to satisfy requirements from the Trump administration.
Executive orders from the president require TikTok to spin off from its Chinese parent company, Bytedance.
Microsoft says that company is rejecting its offer for Tiktok’s U.S. operations.
Industry analysts say the sale would have been a big win for Microsoft.
TikTok and Bytedance have not yet returned requests for comment.