More on the Oracle / TikTok hookup - more like a partnership than a purchase

That's the widespread assessment on the early information filtering through about the ByteDance decision on Oracle's bid.

Microsoft is out of the race:

• ByteDance rejects MicroSoft's offer for TikTokNY

Instead it appears ByteDance has favoured a business partnership with Oracle. Bloomberg report the deal between the two "will look more like a corporate restructuring than an outright sale". Bloomberg citing unnamed sources.

• Terms being discussed with Oracle are still evolving
• For example, Oracle could take a stake of a newly formed U.S. business while serving as TikTok’s U.S. technology partner and housing TikTok’s data in Oracle’s cloud servers.