Microsoft Loses U.S. TikTok Buyout Bid to Oracle

Found 80 days ago at RedmondMag.com

Microsoft efforts to buy TikTok social media operations outside China have ended, even as rival bidder Oracle proposal has apparently succeeded. Discussions to buy those U.S. operations, owned by Beijing based ByteDance, started among certain U.S. tech companies last month . ByteDance was ordered to sell after the Trump administration alleged that the popular social media service was funneling...

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