The Bidding War For Social Media Sensation TikTok: Microsoft Is Out And Oracle Is In

TikTok users rejoice! Microsoft may no longer be involved in taking over TikTok’s U.S. operations, but another tech heavyweight is stepping in. Silicon Valley-based Oracle Corporation confirmed on Monday that it is a part of the proposal submitted to the U.S. Treasury Department to run TikTok Stateside. Treasury Secretary Steve Mnuchin said he will make a recommendation on Oracle taking the role as TikTok’s “trusted technology partner” over the next week.