ByteDance Denies to Sell TikTok to Microsoft, Looks to Obtain Deal with Oracle

Microsoft, on September 13, announced that ByteDance declined to sell TikTok's US operations. The company said that it was a good-fit for TikTok and had planned to make significant changes adhering to National Security standards. Sources reported that ByteDance is now considering Oracle. Earlier, the US government imposed a ban on the application, unless Bytedance sells its US operations to an American company.