Tiktok’s US business goes to Oracle

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Setback for Microsoft. The US software company Microsoft is apparently out of the running when bidding for the US business of the short video platform Tiktok. According to insiders, a consortium around the US software group Oracle is said to have won the bid.

Bytedance has sold Tiktok the US business of the short video platform to a consortium led by Oracle. The deal has yet to be approved by the governments in Washington and Beijing, a person familiar with the matter told Reuters on Sunday.

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