Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Oracle Acquires Tik Tok After Microsoft’s Offer Is Rejected

by Cierra Jones
September 14, 2020
Reading Time: 2 mins read
0
TikTok Prepping U.S.-Only App as Mystery Billionaire Squad Eyes Buyout

TikTok Prepping U.S.-Only App as Mystery Billionaire Squad Eyes Buyout

Share on FacebookShare on Twitter

The viral sensational network Tik Tok has finally found a home. On Sunday, reports revealed that Oracle Corporation was presented as victorious in the bid for the social networking service.

Tik Tok became an overnight sensation in 2020, amid the coronavirus pandemic preventing many U.S. citizens from leaving their home and turning to the internet. Over time, the app has racked up more than 100 million users in America.

The announcement of Oracle’s purchase came just shortly after Microsoft informed a news outlet that their offer for the Tik Tok had been turned down by its former owner ByteDance (founded by Zhang Yiming).

“ByteDance let us know today they would not be selling TikTok’s U.S. operations to Microsoft,” Microsoft said. “We are confident our proposal would have been good for TikTok’s users while protecting national security interests. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”

Before Oracle’s acquisition, Tik Tok was under pressure to sell its U.S. operations as soon as possible due to a Sept. 20 deadline or be banned by the Trump administration. Donald Trump and other U.S. politicians have stated that the network represents a threat to national security. TikTok has denied the allegation and sued the Trump administration over one of the orders, calling it “heavily politicized.”

Although the details regarding the deal have not been released, it is being reported as being an outright sale. Before the Oracle deal can be complete, the White House and the Committee on Foreign Investment in the U.S. still must approve it.

Tik Tok
Twenty20

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: NewsOracleTik Tok

Related Posts

Power Stick Recalls Over 67K Deodorants Sold Nationwide—Here’s What to Look Out For
News

Power Stick Recalls Over 67K Deodorants Sold Nationwide—Here’s What to Look Out For

July 22, 2025

A.P. Deauville has pulled over 67,000 cases of Power Stick deodorant from stores across the country after the FDA flagged...

Southern University Expels Omega Psi Phi After Hazing Death of Student Caleb Wilson
News

Southern University Expels Omega Psi Phi After Hazing Death of Student Caleb Wilson

July 22, 2025

Southern University has officially expelled the Omega Psi Phi Fraternity, Inc. from campus following the hazing-related death of 20-year-old mechanical...

Ex-Cop Sentenced to 33 Months for Role in Breonna Taylor Raid
News

Ex-Cop Sentenced to 33 Months for Role in Breonna Taylor Raid

July 21, 2025

Former Louisville police officer Brett Hankison has been sentenced to 33 months in prison for his role in the 2020...

Malcolm-Jamal Warner on The Cosby Show's Legacy: "The Show Shed Light on Previously Ignored Black Middle Class Families"
Entertainment

Malcolm-Jamal Warner, Beloved ‘Cosby Show’ Star, Dies at 54 After Accidental Drowning in Costa Rica

July 21, 2025

Malcolm-Jamal Warner, the actor who became a household name as Theo Huxtable on The Cosby Show, has passed away at...

Next Post
Lance Cpl. Joseph Scott Pemberton

Philippines Deports Pardoned U.S. Marine Who Killed Transgender Woman

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d