x

Oracle ‘wins the bid to buy TikTok’s US operation’ after the Chinese app rejected Microsoft

 Oracle

American computer technology giant, Oracle Corporation has reportedly won the bidding for TikTok’s US operations after the Chinese app rejected Microsoft. 

According to Bloomberg, a Wall Street Journal reported that Oracle would be announced as TikTok’s trusted tech partner in the United States. The Journal also added that the eventual deal would not be structured as an outright sale.

A statement from Redmond reads, “ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft.”

This comes after ByteDance disclosed that they would not be selling TikTok’s US operations to Microsoft. 

According to a source, Microsoft, which was working with Walmart Inc, had initially been recognized as the most likely winner earlier in the process, until more firms including Oracle Corporation showed interest. 

Microsoft earlier said in a statement that it was prepared to make changes aimed at protecting national security interests. It said, “To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”

Back in August, President Donald Trump signed executive orders banning social media apps TikTok and WeChat from operating in the US in 45 days if they are not sold by their Chinese-owned parent companies.

In the executive order, which declares TikTok a “national emergency”, Mr Trump claims the app “automatically captures vast swaths of information from its users,” such as location data and browsing and search histories, which “threatens to allow the Chinese Communist Party access to Americans’ personal and proprietary information — potentially allowing China to track the locations of Federal employees and contractors, build dossiers of personal information for blackmail, and conduct corporate espionage.”

For WeChat, which allows its users to transfer funds to each other, the order states it will ban financial transactions with Tencent, a Chinese based company. 

The order read: “any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd. (a.k.a. Téngxùn Kòngg? Y?uxiàn G?ngs?), Shenzhen, China, or any subsidiary of that entity, as identified by the Secretary of Commerce (Secretary) under section 1(c) of this order.”

Hot this week

Nigeria @65: Northern CAN Urges Hope, Calls on Leaders to Strengthen Nation-Building

By Achadu Gabriel, KadunaThe Christian Association of Nigeria (CAN),...

Coalition Praises Tinubu’s Reforms, Hails Tunji-Ojo’s Role in National Transformation

By Israel Adamu, JosA coalition of civil rights organizations...

Gov Sule Flags Off Bursary Disbursement, Reiterates Commitment to Education

By Abel Leonard, LafiaGovernor Abdullahi Sule of Nasarawa State...

10 Key Takeaways from Tinubu’s 65th Independence Day Broadcast

President Bola Ahmed Tinubu, in his Independence Day address...

Bishop Adegbite Names Fintiri as Most Pilgrim Friendly Governor

By Joyce Remi-BabayejuThe Executive Secretary of the Nigerian...

Clean Up Abuja: Wike Reiterates Commitment to Waste Management

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nysome...

Good Road Network Attracting Investors to FCT – Wike

... Investors to Replicate Dubai City Walk in AbujaBy...

Emir of Zazzau Faces Two Defamation Suits Over Radio Interview

...Court to Hear Case November 4By Achadu Gabriel, KadunaThe...

Tinubu, Mutfwang, Akpabio, and Other Dignitaries Honour APC Chairman’s Mother at Jos Funeral

By Israel Adamu, JosPresident Bola Ahmed Tinubu, Plateau State...

How l became a consultant inside Kaduna Prison – Journalist Idibia

MY STORYBy Idibia GabrielIt is Interesting but hazardous to...

RCCG Pastor Urges Men to Embrace Physical Exercise for Greater Productivity

By Achadu Gabriel, KadunaThe Zonal Pastor of the Redeemed...

“How I Became a Consultant Inside Kaduna Prison” — Journalist Idibia Recounts Ordeal

By Idibia Gabriel, KadunaJournalist Idibia Gabriel has shared a...

Related Articles

Popular Categories

spot_imgspot_img