Oracle has been selected to purchase TikTok's US operations over Microsoft — though, according to The Wall Street Journal, the deal won't be structured as a sale. Minutes before the news broke, Microsoft revealed that it wouldn't be involved in any deal even though it reportedly had Trump's blessing ahead of the app's anticipated ban.
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Due to the impending TikTok ban in the US, Microsoft (and Twitter) is already in talks with parent company ByteDance and interested in purchasing the US portion of the business — that would likely be the only way a ban could be averted. Now it looks like another player has entered the field, as the Financial Times reports that Oracle is also interested in purchasing the hit social network.
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