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Oracle wins bidding for TikTok's US operations

Computer software company Oracle has won the bidding for TikTok’s US operations, a source told the Wall Street Journal.  

It comes a week before President Donald Trump promises to follow through with a plan to ban the Chinese-owned app in the U.S.

Microsoft had said earlier Sunday its bid to buy the popular video-sharing app had been rejected. 

Computer software company Oracle has won the bidding for TikTok 's US operations, a source told the Wall Street Journal

Computer software company Oracle has won the bidding for TikTok ‘s US operations, a source told the Wall Street Journal

Microsoft said in a Sunday statement that TikTok’s parent company, Bytedance, ‘let us know today they would not be selling TikTok´s US operations to Microsoft.’

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 government worries about user data being funneled to Chinese authorities. 

TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.

Walmart had planned to partner with Microsoft on the deal. 

TikTok didn’t immediately return requests for comment Sunday.

Microsoft said Sunday it was ‘confident our proposal would have been good for TikTok’s users, while protecting national security interests.’ 

The company said it ‘would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation.’ 

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