• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Tech News

Oracle wins bid to acquire TikTok’s US operations after Microsoft offer was rejected

Chike Olisah by Chike Olisah
September 14, 2020
in Tech News
Oracle wins bid to acquire TikTok’s US operations after Microsoft offer was rejected
Share on FacebookShare on TwitterShare on Linkedin

American computer technology giant Oracle Corporation has been selected as the winning bidder for TikTok’s US operations, after Microsoft said that its bid was rejected by the parent company, ByteDance Ltd.

This is coming a week before President Donald Trump’s promised date for following through with a plan to ban the Chinese-owned app in the United States.

According to Bloomberg, a Wall Street Journal reported that Oracle would be announced as TikTok’s trusted tech partner in the United States. The Journal also added that the eventual deal would not be structured as an outright sale.

RelatedStories

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

June 12, 2025
Billionaire and Oracle co-founder, Larry Ellison

Larry Ellison’s net worth gains over $7 billion in 24 hours as Oracle shares rise 

May 28, 2025

A statement from Redmond reads, “ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft.”

Microsoft had, in a statement, said that they were confident that their proposal would have been good for TikTok’s users, while also protecting national security interests. This is coming after ByteDance had disclosed that they would not be selling TikTok’s US operations to Microsoft. However, ByteDance will need approval for the deal from the United States and China.

(READ MORE: ByteDance, Tiktok’s parent company, now worth over $100 billion)

According to a source, Microsoft, which was working with Walmart Inc, had initially been recognized as the most likely winner earlier in the process, but this later cooled as more firms showed interest. ByteDance did not ask Microsoft for a revision of its initial offer in the face of recent signs of opposition to a deal from Chinese government officials. This must have given the competitor, Oracle Corporation, an upper hand in the negotiations.

Microsoft, in its statement, said that it was prepared to make changes aimed at addressing US national security concerns. It said, “To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”

It can be recalled that the Trump administration had threatened to ban TikTok by mid-September, and ordered ByteDance to sell its US operations following national security concerns due to its Chinese ownership.

TikTok, however, has denied the national security claim and is suing to stop the administration from the threatened ban.


Follow us for Breaking News and Market Intelligence.
Tags: ByteDance LtdMicrosoftOracle CorporationTikTok
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 
Companies

Visa and Microsoft partner to empower Nigeria’s fintech ecosystem at AI skills week 

June 12, 2025
Billionaire and Oracle co-founder, Larry Ellison
Billionaire Watch

Larry Ellison’s net worth gains over $7 billion in 24 hours as Oracle shares rise 

May 28, 2025
Owner of TikTok ByteDance to buy back shares after amassing $50 billion cash pile
Sectors

TikTok fined €530 million over Illegal user data transfers to China 

May 2, 2025
Meta announces Llama impact grant for Sub-Saharan African Startups, researchers
Sectors

Meta releases ‘Edits’ app globally to take on TikTok in creator economy battle 

April 22, 2025
TikTok , Italy
Sectors

Amazon, OnlyFans founder join race to acquire TikTok as April 5 deadline nears 

April 3, 2025
Senator calls for Nigeria’s foreign reserves management to be handed over to Nigerian banks
Sectors

TikTok, X, others could create 200,000 jobs for Nigerians with physical offices – Ned Nwoko

March 21, 2025
Next Post
external reserves, After loosing $520 million in two weeks, Nigeria's external reserves rise again, Foreign reserves, Nigeria’s external reserve drop by $261 million in 15 days, oil firms to sell forex to CBN 

Why Nigeria’s external reserves is stuck at $35 billion

Comments 1

  1. Chingy World says:
    September 15, 2020 at 7:55 am

    Not bid to acquire,but to partner.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • InfraCredit reports N1.8 billion profit in the first Q1 2025, down 95% YoY 
  • Sterling reports N18.2 billion profit in Q1 2025 as loan income soars; declares dividend 
  • How Antly is powering the next wave of enterprise efficiency in Nigeria — without writing a single line of code 

Follow us on social media:

Recent News

InfraCredit’s guarantee supports affordable housing project with modern shelter’s debt transaction funded by Shelter Afrique Development Bank     

InfraCredit reports N1.8 billion profit in the first Q1 2025, down 95% YoY 

June 20, 2025
Sterling Bank concludes core application migration, leads the way for African Banking

Sterling reports N18.2 billion profit in Q1 2025 as loan income soars; declares dividend 

June 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics