ByteDance and the bidders for the TikTok assets are now discussing four ways to structure the deal, the sources, who requested anonymity, told Reuters. Also read- ByteDance asks TikTok to draw up US shutdown contingenciesIt is not clear which, if any, of the options will be pursued. The fourth scenario involves ByteDance’s licensing the algorithm to the buyer of the TikTok assets, the sources said. ByteDance, Microsoft and Oracle declined to comment. Oracle, whose Chairman Larry Ellison is one of the technology world’s few supporters of Trump, has partnered with some of ByteDance’s investors, including General Atlantic and Sequoia, on its bid for the TikTok assets.

Source: Dhaka Tribune September 03, 2020 03:11 UTC