Microsoft has said that its offer to buy the US operations of hugely popular video-sharing app TikTok has been rejected, paving the way for Oracle to make a last-minute bid.
US President Donald Trump gave a 15 September deadline for the Chinese-owned app to sell or shut down.
The Trump administration claims TikTok and other Chinese apps are national security threats.
Microsoft and Oracle led the race to buy TikTok from Chinese firm ByteDance.
The Wall Street Journal and Reuters have reported that Oracle had won the bidding war, citing people familiar with the matter.
A TikTok spokesperson told the BBC the firm was "not commenting on either the Microsoft development or the Oracle speculation"
[Source: BBC]
