TikTok rejects Microsoft offer, Oracle sole remaining bidder
TikTok rejects Microsoft offer, Oracle sole remaining bidder

American tech giant Microsoft said Sunday its offer to buy TikTok was rejected, leaving Oracle as the sole remaining bidder ahead of the imminent deadline for the Chinese-owned video app to sell or shut down its US operations.TikTok is at the center of a diplomatic storm between Washington and Beijing, and President Donald Trump has set Americans a mid-September deadline to stop doing business with its Chinese parent company ByteDance — effectively compelling a sale of the app to a US company.The Wall Street Journal and The New York Times reported that Oracle had won the bidding war, citing p…

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HEDGE accordingly