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Oracle boots out Microsoft and wins bid for TikTok, reports say

Enterprise provider Oracle is said to have won the bidding war for the U.S. operations of TikTok, a chase in which Microsoft was booted out earlier today.
A TikTok spokesperson said the company “[doesn’t] comment on rumors or speculation.” Oracle did not immediately respond to TechCrunch for comment.
The Wall Street Journal writes that Oracle will be announced as TikTok’s “trusted tech partner” in the United States. Additionally, the Journal cites that a person familiar with the matter says the deal is “likely not to be structured as an outright sale.”
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