The US software giant Oracle has won the bid for the US operations of the Chinese video sharing application TikTok, and will allow the popular social network to continue operating in the country, various media reported this Sunday.
Oracle it prevailed in the bid to Microsoft, which announced in a statement that the owner of TikTok, ByteDance, had informed them that they would not sell “their operations in the US.”
As the newspaper advances The Wall Street Journal, it is expected that it will soon be confirmed that Oracle has been selected as TikTok’s “trusted technology partner” in the United States, in a deal that will not be structured as a proper sale of the application’s operations.
The American President, Donald Trump, had given ByteDance a deadline that expires on September 15 to sell its US operations to a local company or leave the country.
The White House considers TikTok a threat to national security for being owned by a Chinese company, while ByteDance it has rejected US accusations that it would share US user information with the Chinese government.
A successful business
Trump already showed in August his interest in Oracle, which maintains close ties with the White House, took over TikTok’s operations in the United States.
TikTok, which in the US has more than 80 million users, is one of the social networks that has grown the most in recent years, where it has become the main entertainment for many teenagers and a marketing channel for important celebrities.
He Ministry of Foreign Affairs of China, has already made it clear that he was opposed to the forced sale of TikTok, an operation that in his opinion would violate the principles of the World Trade Organization (WTO).