UPDATE: Oracle will reportedly take over TikTok’s business in the U.S. after China’s ByteDance rejected Microsoft’s offer.
Oracle Corp. will reportedly take over TikTok’s business in the U.S. after China’s ByteDance rejected Microsoft Corp.’s offer.
That report came shorty after Microsoft MSFT, -0.65% said in a blog post that its bid for TikTok had been turned down. Neither Microsoft nor ByteDance offered an explanation for why the deal was rejected. TikTok faces a Sept. 20 deadline to sell its U.S. operations or face a ban by the Trump administration.
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