Breaking Oracle allegedly wins bid to purchase TikTok

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Tech giant Oracle won a bidding war for control of the U.S. operations of the widely popular Chinese-owned app TikTok on Sunday, according to multiple news reports.

News of Oracle's purchase came just minutes after Microsoft, a top competitor for the sale, announced that TikTok parent company ByteDance had informed it that the company's bid had been rejected.

Oracle wins bid to purchase TikTok: reports
 
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