ByteDance drops TikTok's U.S. sale, to partner with Oracle:

sources

By Echo Wang, Greg Roumeliotis

4 MIN READ

(Reuters) - ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp ORCL.N that it hopes will spare it a U.S. ban while appeasing China's government, people familiar with the matter told Reuters.

The Beijing-based company had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp MSFT.O after U.S. President Donald Trump ordered the sale last month and threatened to shut down the popular short-video app in the United States.

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https://www.reuters.com/article/us-china-bytedance-tiktok-oracle/bytedance-drops-tiktoks-u-s-sale-to-partner-with-oracle-sources-idUSKBN265000

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