Microsoft rejected as TikTok U.S. buyer. Will Oracle become 'trusted tech partner'?
Microsoft is working with retail giant Walmart on a deal for TikTok as Trump’s ban looms.
The decision comes a week before the Trump administration plans to ban the social video app if it continues to be owned by ByteDance. The Trump administration has put pressure on ByteDance to divest TikTok’s U.S. operations because of national security issues. Trump has about whether TikTok gives information about U.S. users to the Chinese government. TikTok says that it has not and that it stores its U.S. user data in Virginia and backs it up in Singapore.— citing an unnamed source — said that Oracle had been chosen as the “trusted tech partner” for TikTok in the U.S., but the paper indicated that that “deal is likely not to be structured as an outright sale.”A sale of TikTok’s U.S.
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