International Companies
ByteDance rejects Microsoft offer for TikTok, partners with Oracle instead
By Caoimhe Toman
Date: Monday 14 Sep 2020
(Sharecast News) - Chinese tech company ByteDance has decided to reject Microsoft's bid to buy video app TikTok and partner with Oracle instead.
Under Bytedance's latest proposal, Oracle will be the firm's technology partner and assume management of TikTok's US user data, sources told Reuters on Sunday.
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