Sep 14, 2020
TikTok rejects Microsoft bid at eleventh hour
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. 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. A TikTok spokesperson told the BBC the firm was "Not commenting on either the Microsoft development nor the Oracle speculation". On Sunday Microsoft announced that "ByteDance let us know today they would not be selling TikTok's US operations to Microsoft. We are confident our proposal would have been good for TikTok's users, while protecting national security interests."
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