Echo Wang, Greg Roumeliotis
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ByteDance picks Oracle as partner to try to save TikTok U.S

ByteDance picks Oracle as partner to try to save TikTok U.S

By , (Reuters) - Oracle Corp said on Monday it would team up with China’s ByteDance to keep TikTok operating in the United States, beating Microsoft Corp in a deal structured as a partnership rather than an outright sale.ByteDance, TikTok’s Beijing-based owner, had been in talks to divest the U.S. business of its hugely popular short-video app to Oracle or Microsoft after U.S. President Donald Trump ordered the sale last month and said he might otherwise shut it down.While TikTok is best known for dancing videos that go viral among teenagers, U.S. officials are concerned user information...

September 14, 2020
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