ByteDance might still own TikTok US after Oracle investment — so what’s the point?

ByteDance might still own TikTok US after Oracle investment — so what’s the point?


The TikTok acquisition saga is one of the most exhausting and confusing tales in tech business right now. A month ago, Microsoft was favorite to gobble up the short video app. Earlier this week, after ByteDance rejected the Seattle-based company’s bid, Oracle was leading the pack to go ahead with the deal. However, a report from the Financial Times suggests that Oracle might end up owning just a minority state in the company. This is what the company meant when it said that it’ll be a “trusted technology partner” in TikTok’s US operations. More importantly, the FT report notes that…

This story continues at The Next Web
  1. No comment added yet!
  2. Leave Your Comment

    Your email address will not be published. Required fields are marked *

AtSign Innovations