Oracle has beaten Microsoft in the race to win the most popular video sharing application in the United States. According to sources, Tiktak-owned company has chosen Oracle for the deal instead of Microsoft. The deal could turn it into a popular app in the United States. Satya Nadela-led Microsoft’s TickTock acquisition bid has been rejected. U.S. President Donald Trump set a Sept. 20 deadline for the sale of U.S. management of TickTock. Trump said the app would be banned if Ticketlock was not sold to a U.S. company by September 20th.
Trump’s refusal to extend or delay the sale of TickTalk’s U.S. operations
Microsoft announced on Sunday that TickTock had canceled its bid to conduct U.S. operations. Amid espionage concerns, US President Donald Trump announced a ban on the Chinese-owned app. Titk and Wahis House did not comment on Sunday. Oracle also did not say anything about the deal. In the past, Oracle has also declined to comment.
The rules have changed to save the chit tick, the export law has changed
Sources said on Sunday that Tiktak-owned company had chosen Oracle instead of Microsoft for the deal. The deal could turn it into a popular app in the United States. On Sunday, Microsoft reported that BitDance, a Chinese company owned by TickTalk, had announced that its bid for the acquisition had been canceled.
Microsoft said: “We are confident that our offer is good for TickTalk users and at the same time we have protected national security interests. It is unknown at this time what he will do after leaving the post.
A report in the Wall Street Journal states that Oracle will be announced as TicTac’s technology partner. This transaction cannot be called an authentic direct sale. Walmart had previously been willing to partner with Microsoft in the acquisition. On Sunday, Walmart said it was interested in investing in Tiktalk and that it was in talks with BitDance and other parties.
Earlier, the Trump administration warned Bitdance to sell its business in the United States, warning to ban Tiktal by September 20th. The Trump administration has said the application was a threat to U.S. national security because of its ownership of TickTalk.