- Microsoft CEO Satya Nadella told CNET the deal struck between TikTok, Oracle, and Walmart looked nothing like the deal Microsoft originally bid on for TikTok’s US operations.
- “The deal has obviously changed a lot since then,” Nadella said.
- Oracle and Walmart announced their intentions to buy a 20% stake in TikTok on Saturday, but the deal is yet to win official government approval.
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The deal TikTok has managed to strike with Oracle and Walmart is a far cry from what it originally offered Microsoft, according to Microsoft CEO Satya Nadella.
In an interview with CNET published on Monday, Nadella commented on the deal announced between TikTok, Oracle, and Walmart last week: “It’s not something I recognize, and it’s definitely not the deal I bid on.”
Microsoft was originally in the running to acquire TikTok’s US operations, and was even tipped as the frontrunner.