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Microsoft has left the race for the American business of the short video platform TikTok. TikTok’s parent company ByteDance announced that it would not be sold to the software company.
Microsoft said on Sunday night (local time): “We are sure that our proposal would have been good for the users of the platform and at the same time it would have protected the interests of national security,” he said.
US President Donald Trump has described TikTok’s activities as a risk to US national security and wants to ban the service for this reason. The only way out seems to be to sell through ByteDance. In August, Trump ordered Bytedance to destroy all user data in the United States within three months. Bytedance can no longer own properties in the US that are used to operate TikTok.
ByteDance has apparently awarded the contract to a consortium led by Oracle. News agencies Reuters and AP report, citing inside information that has not been named. The deal has yet to be approved by the governments of Washington and Beijing, a person familiar with the matter said on Sunday. Oracle declined to comment overnight.
Oracle boss apparently gets along with Trump
Such an acquisition would represent a strategic realignment for Oracle. So far, the US group has generated most of its revenue from software licenses and cloud applications, which are primarily aimed at corporations and less at individual customers. Oracle co-founder Larry Ellison is one of the few top executives at a technology company who openly supports Trump.
“I think Oracle is a great company,” Trump said in August after Oracle’s progress was released. As for the group, which specializes in enterprise database solutions, he was confident “that Oracle would certainly be someone who could handle it.” Larry Ellison called the President of the United States a “great guy.”
