ByteDance abandoned the sale of TikTok in the United States on Sunday (Sept 13) in pursuit of a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government, people familiar with the matter have said. - Reuters
BEIJING/LOS ANGELES, Sept 13 (Reuters): ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp that it hopes will spare it a US ban while appeasing China's government, people familiar with the matter told Reuters.
The Beijing-based company had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp after US President Donald Trump ordered the sale last month and threatened to shut down the popular short-video app in the United States.
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