Key Points:
- Microsoft ends its race.
- There is no clarity on the deal.
- The new parent came after the ban of the application in the United States.
The Government of the United States banned TikTok after the Indian government banning the world’s most favourite entertainment application in the Indian region. After that, we heard that the tech giant Microsoft is planning to purchase the United States operation of TikTok and it was also reported that the talking is in the advanced stage but later we came across a report which suggested that a different tech company may beat Microsoft to purchase the operations. Today we got a new piece of information which confirms that Oracle beats Microsoft to purchase operation in the United States.
According to the source, the very popular Computer technology company Oracle which is based in California has won the race to purchase TikTok’s United States operation over Microsoft and the source also says that the deal will not be structured as a sale.
We don’t have any other information about the dealings but we believe that we will get more information about the same in the coming days. We recommend you to stay tuned with us for more interesting information from the world of Technology at your fingertips and if you are new on this website then don’t forget to smash the bell icon at the left corner of the screen to get the notifications seamlessly.
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