ByteDance declined to cede TikTok’s US operations to Microsoft
On September 13, Microsoft said that Chinese company ByteDance Ltd. declined the group’s bid to acquire the US video-sharing app TikTok.
“The ByteDance Company told us today that it will not sell TikTok operations in the US to Microsoft,” Microsoft said in a statement, adding that Microsoft’s proposal would be good for TikTok users. and protect national security interests ”.
Prior to that, Microsoft was considered to dominate the TikTok acquisition talks in the US. However, the recent negotiations between the two sides seem not to have progressed.
On the same day, a source said that Oracle was selected to win the bid to buy TikTok’s US operations. The source said, Oracle was announced as a reliable technology partner of TikTok in the US.
TikTok is used by more than a billion people worldwide, including about 175 million Americans, to create short videos on mobile phones. However, the administration of President Donald Trump argues that TikTok could be used by China to track the location of federal employees, create personal files for blackmail or conduct corporate espionage. TikTok has repeatedly denied this allegation.
This video-sharing app has become the focus of the “diplomatic storm” between Washington and Beijing. President Trump signed a decree banning all individuals and organizations within the US jurisdiction from trading with ByteDance, the owner of TikTok, to protect national security. Moreover, on September 10, President Trump announced that he would not renew TikTok and the application will be sold or closed on September 15.
In response to the move, on August 24, TikTok officially sued the US government in federal court because of the executive decree of President Trump aimed at this short video application.