Oracle confirms it's a 'technology provider' in the TikTok deal, while Microsoft is out

And the winner of the TikTok bidding war is... Oracle? Yes, well, sort of. 

According to NBC News, Oracle and TikTok reached an agreement to buy TikTok’s United States operations. On Monday, Oracle confirmed only that it is "part of the proposal submitted by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider."

What has been confirmed, however, is that Microsoft is officially out of the running. The company said Sunday night that TikTok parent ByteDance would not be selling TikTok to Microsoft. 

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from PCWorld https://ift.tt/3hqhVLT