Latest News Microsoft bid for TikTok's U.S. operations rejected by ByteDance

Microsoft bid for TikTok’s U.S. operations rejected by ByteDance

-

- Advertisment -

[ad_1]

Satya Nadella, chief executive officer of Microsoft Corp., pauses during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020.

Simon Dawson | Bloomberg | Getty Images

Microsoft said Sunday that ByteDance, the Chinese owner of social video app TikTok, had chosen not to sell the U.S. assets of TikTok to Microsoft. The decision leaves Oracle as the only major bidder for TikTok’s U.S. operations.

“ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft,” Microsoft said in a blog post. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”

READ MORE  Trump may face a 'backlash' by returning to work while still infected, expert says

An Oracle representative did not immediately respond to a request for comment.

Walmart said in August that it believed working with Microsoft in a possible TikTok deal could be positive for TikTok users and for regulators.  

This is breaking news. Please check back for updates.

READ MORE  Earnings could be a positive force for stocks as Washington continues to wrangle over stimulus

[ad_2]

Source link

Leave a Reply

Latest news

- Advertisement -

Mail-in voting amplified Red and Blue Vermont; the effect turned out to be fairly even

‘Murder on Middle Beach’ director was ‘willing to do whatever it takes’ to probe mom’s murder

With HBO’s four-part docuseries, “Murder on Middle Beach,” premiering Sunday, the 29-year-old Connecticut director explores the life...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you