TikTok reaches deal with Oracle after rejecting Microsoft's bid

ByteDance, the Chinese owner of social video app TikTok, has chosen Oracle to be TikTok’s U.S. technology partner, and Oracle will take a significant stake in the business, according to a person familiar with the discussions. Microsoft said Sunday that ByteDance had chosen not to sell it TikTok’s U.S. assets. CNBC's Andrew Ross Sorkin and Joe Kernen discuss.
Mon, Sep 14 20206:49 AM EDT