ByteDance won't sell TikTok US operations to Oracle or Microsoft: Report

ByteDance will not sell TikTok's U.S. operations to Oracle Corp or Microsoft Corp and will not give the source code for the video platform to any US buyers, China's state-run English television channel reported on Monday, citing sources.

People familiar with the matter told Reuters that ByteDance abandoned the sale of TikTok in the United States and decided to pursue a partnership with Oracle in hopes of avoiding a US ban while appeasing the Chinese government.