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Oracle Apparent TikTok Winner After Microsoft's Bid Rejected

TheMotleyFool

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Oracle Apparent TikTok Winner After Microsoft's Bid RejectedPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Oracle (NYSE: ORCL) is apparently the winner of the race to acquire the U.S. operations of Chinese video-sharing app TikTok after Microsoft (NASDAQ: MSFT) announced its bid had been rejected by ByteDance.

Walmart (NYSE: WMT), which had agreed to partner with Microsoft in its bid, is now reportedly considering joining with Oracle. The Wall Street Journal reports the deal is not likely to be an outright sale. Instead, it positions Oracle as the social media company's "trusted tech partner" in the U.S.

Image source: Getty Images.

Source Fool.com

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