Chinese State Media says Neither TikTok nor Oracle will own TikTok

Chinese state media CGTN said that ByteDance will not sell the US operations of TikTok to either Microsoft or Oracle and neither the company will give the source code to any US buyers.

Chinese state media CGTN said that ByteDance will not sell the US operations of TikTok to either Microsoft or Oracle and neither the company will give the source code to any US buyers.

Microsoft had confirmed earlier that its bid for TikTok has been rejected. Microsoft stated “ByteDance let us know today that they would not be selling TikTok’s US operations to Microsoft.”

Due to this it was considered that Oracle is the only remaining bidder and will enter into a partnership with TikTok. CGTN’s report confirms this by saying TikTok will be picking the company as a trusted tech partner in the US.

US President Donald Trump had earlier issued an executive order asking the company to its US operations to an American company by September 20. Following Trump’s order, the Chinese government revised its policies putting export restriction on Artificial Intelligence platforms in the country. Reports have said that this may lead ByteDance to negotiate the terms of its deal.

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