Oracle has beaten Microsoft in the race for the acquisition of popular video sharing app Tiktok in the US. Giving the information, the sources said that ByteDance, the company owned by Tiktok, has chosen Oracle for the deal instead of Microsoft. The deal may make it a popular app in the US.
Microsoft has announced that the bid to acquire Tiktok US operations has been rejected. US President Donald Trump had announced a ban on the app owned by the Chinese company amid concerns of espionage.