According to people familiar with the matter, the news that ByteDance will not sell TikTok business to Microsoft is relatively accurate, and it will not sell its US branch to Oracle.
Reuters reported earlier that Microsoft had received a notice from ByteDance that it would not sell TikTok's U.S. business. In addition, Oracle may become ByteDance's partner under the proposed transaction, responsible for managing TikTok's user data in the United States and negotiating a stake in TikTok.
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