The exact nature of the agreement between Ticketok and Oracle is not clear, but it was not described as an exact sale. The news about Oracle came when Microsoft announced that it would not buy Tiktok’s US operations from its BiteDans.
ByteDance has not responded to a request for comment. TikTok did not immediately respond to requests for comment.
Trump and other American politicians have said that the app is a threat to national security. Tiktok has denied the charge and sued the Trump administration over an order, calling it “heavily politicized”.
Many analysts had discovered Microsoft as a potential “coup” for the Washington-based firm in Washington – an opportunity to scoop one of the world’s fastest-growing social media platforms at a time when Tiktok was looking for a deal May be desperate.
– Claire Duffy, Donnie O’Sullivan and Sheris Pham contributed to this report.