Report: Microsoft and Oracle in talks to acquire TikTok’s operations

After a week filled with drama and uncertainty regarding TikTok’s future in the U.S., a surprising report has surfaced: Oracle and Microsoft, together with a group of investors, are in negotiations to acquire the global operations of the app. The saga began when former President Biden ordered a ban on TikTok in the U.S., claiming it posed a national security threat due to its Chinese ownership.