Oracles is said to have won the TikTok’s for US operations

With rival Microsoft Corporation, saying its offer for the video app was rejected’ according to negotiators, Oracle Corporation is the winner of Tick Tick's US operation agreement.

Oracles is said to have won the TikTok’s for US operations

Tik Tok parents, Byte Dance Limited, have refused to buy TikTok US assets following a previous bid by Microsoft. One of the people said that the agreement with Oracle is narrow-minded, which looks more like corporate restructuring than sales.

Initial offers from both sides put the value of US business at about 25 25 billion, but before that, Chinese officials, citing information, imposed new rules to restrict technology exports. Requested not to

One person said that Microsoft, which was working with Walmart Inc., was seen’ as the biggest winner, but in recent days, the conversation has cooled down, one person said. The man added that Microsoft had not been, asked to reconsider its initial offer, citing recent indications that Chinese government officials were opposed to the deal.

"Byte Dance tells us today that it will not be selling Microsoft's ticking operations," Redmond, Washington-based Microsoft said in a statement Sunday. "We believe that while protecting national security interests, our proposal will be good for TikTok users."

One of the people said that the terms being discussed’ with Oracle are still being worked on. For example, Oracle could be a shareholder in a new U.S. business by hosting Tik Tok data on TikTok U.S. technology partner and Oracle's cloud servers.

There is talk of a corporate restructuring that will return to Beacons' original intentions in the early summer to sell a partial stake in TikTok operations or build a company with global headquarters and board of directors outside of China. Were

Sources familiar with the White House debate said it was unclear whether the deal with Oracle would lead to an agreement with the Trump administration, where various groups have called for a complete shutdown of a US company or a clear sale of TikTok’s. Pressure.

Tick ​​Talk and Microsoft declined to comment, but Oracle did not immediately respond to a request for comment outside normal business hours. The White House did not immediately respond to a request for comment. Dow Jones had previously said that Oracle was to be named’ Tik Tok's "trusted tech partner" in the United States.

Tik Tok was bidding for its US operations under orders from the Trump administration, which said the company's Chinese ownership was a threat to national security. According to sources familiar with the matter, Tik Tok plans to bring a proposal to the White House before US President Donald Trump's mid-September deadline, and any bid by government officials in Beijing is a blessing. Will also be’ needed.

Owning Tik Tok could give Microsoft access to an addictive video sharing app used by more than 100 million people in the United States, giving people light-hearted and more serious political. Everything from statements to summaries can be’ found. Video clips can be recorded’ and edited. There is a global plague that has kept many people at home.

Microsoft was the initial runner-up in the acquisition, having begun talks with Trump's executive orders the week before Byte Dennis and believed it had the initial framework for a deal that the US government could withdraw. ۔ But in recent weeks, events are moving away from the software giant.

Oracle, a company with close ties to the US president, emerged as a bidding company backed by Sequoia Capital, a major shareholder in Bite Dance.

For Oracle, Tik Tok is a less obvious fit, but the software understands the company's desire to develop its own cloud computing and user data business. Tik Tok stores large amounts of data and is currently a major user of Amazon Web Services and Alphabet Inc.'s Google Cloud Services. The partnership with TikTok’s also echoes Oracle chairman Larry Ellison's presidency of US technical interests.

Shortly after the bids were submitted’ a source said, the Chinese government later announced plans to join any opposition to the approval of any agreement and the export of key algorithms necessary for the sale. One of the people said that Bitcoin wants a much more limited deal than Microsoft, where it will maintain more control.


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