TikTok picks Oracle over Microsoft in Trump-forced sales bid

TikTok has chosen Oracle over Microsoft as its preferred buyer in the US (Peter Byrne/PA)

TikTok’s owner has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal.

Microsoft announced on Sunday its bid for TikTok had been rejected, removing the tech giant from the running a week before President Donald Trump promises to follow through with a plan to ban the Chinese-owned app in the US over spying concerns.