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    Oracle's Deal For TikTok May Not Include A Purchase

    Oracle says it's ready to be a "trusted technology provider" for the hit video-sharing app. A bid for TikTok's U.S. operations by tech giant Microsoft has been rejected.
    by Bobby Allyn Sep 14, 2020 3 minutes

    Updated at 1:04 p.m. ET

    A deal with Oracle for TikTok's U.S. operations may end up including a partnership instead of an outright purchase.

    With its deadline to sell or be banned in the U.S. fast approaching, Chinese tech giant ByteDance said it will not be selling its video-sharing app TikTok to either Microsoft or Oracle, according to China state TV.

    Separately, in a statement that it is "part of the proposal submitted by ByteDance to the Treasury

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