Oracle is said to be the surprise buyer in TikTok deal, while Microsoft is out

And the winner of the TikTok bidding war is... Oracle?

According to NBC News, Oracle and TikTok reached an agreement to buy TikTok’s United States operations. Neither company has confirmed the deal (NBC cited “a source with direct knowledge”). 

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/3itWXxd