The owner of TikTok has chosen Oracle's bid over Microsoft according to a source close to the deal.
On Sunday Microsoft, who at one point was teaming up with Walmart, lost the bid to buy TikTok.
If you recall Trump told TikTok they had until mid-September to sell to an American company or it would be banned.
Microsoft said in a statement on Sunday that TikTok’s parent company, Bytedance, “let us know today they would not be selling TikTok’s US operations to Microsoft.”
As of right now TikTok has not made a formal announcement and have also declined to comment.