The win for Oracle came after its top rival, Microsoft, announced on Sunday that its effort had fallen short.
Microsoft's bid, which included retail giant Walmart, would have purchased TikTok's U.S. operations as a way of resolving U.S. government concerns about the popular video sharing app's possible ties to the Chinese government.the company saidAmerican interest in TikTok increased when the Trump administration signaled in early August that it was considering banning the app amid worries that U.S. data is being funneled to the Chinese government.
In late August, China’s Ministry of Commerce added artificial intelligence technologies to an export controls list, casting doubt about whether the government must green light the sale of TikTok to a foreign company. ByteDance said it would "strictly comply" with the new Chinese rules.Aug. 27 that the administration had no preference for a TikTok buyer, so long as data from U.S. users doesn't flow to Beijing.
Trump did lend a boost to Oracle's bid at the time, calling it a "great company" that "would be certainly somebody that could handle it." Oracle's Chair Larry Ellison hosted a high-dollar fundraiser for Trump in February and Oracle executives have been close advisers to his administration even when other tech giants shied away.with the Trump administration, despite high-profile disagreements over issues like immigration and the environment.
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