TikTok Picks Oracle Over Microsoft In Trump-forced Sales Bid

Dave Knott quotes the CBC: The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal.

Microsoft announced Sunday that its bid to buy TikTok was rejected, removing a leading suitor for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the U.S.

The Trump administration has threatened to ban TikTok by mid-September and ordered ByteDance to sell its U.S. business, claiming national-security risks due to its Chinese ownership. The U.S. government worries about user data being funnelled to Chinese authorities.