ABC News published this video item, entitled “TikTok chooses Oracle over Microsoft for sale, sources say” – below is their description.
The popular video sharing app, downloaded over 750 million times, denied Microsoft’s bid and instead chose tech giant Oracle as it’s “technology partner,” according to multiple reports.
ABC News YouTube Channel
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American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.
ABC News is primarily broadcast from the Times Square Studios in New York City.
Microsoft Corporation (NASDAQ: MSFT) is an American multinational technology company with headquarters in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.
Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. The company was headquartered in Redwood Shores, California, until December 2020. In 2020, Oracle was the second-largest software company in the world by revenue and market capitalization.
Stock ticker: ORCL (NYSE)
TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.
ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.
