Neither Microsoft nor Oracle will own TikTok: Chinese state media

ByteDance will not sell the US operations of its short video platform TikTok to either Microsoft or Oracle, nor will the company give the source code to any US buyers, a new report by Chinese state media CGTN said quoting sources.

Microsoft had earlier confirmed that the company’s bid for TikTok has been rejected. “ByteDance let us know today they would not be selling TikTok’s U.S. operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests,” the company said.

This sparked rumours that Oracle is the only remaining bidder and it will be entering a technology partnership with TikTok. CGTN’s report confirms this by saying TikTok will be picking the company as a “trusted tech partner” in the US.