ByteDance will not sell TikTok US business to Microsoft

According to the US Consumer News and Business Channel (CNBC), Bytedance has rejected Microsoft’s acquisition of TikTok’s US business. So Oracle is currently the only bidder. ByteDance will not sell TikTok US business to Microsoft

ByteDance won’t sell TikTok to Microsoft

On September 13, Microsoft announced: “Bytedance told us today that it will not sell TikTok’s US business to Microsoft.”

Microsoft said: “I believe our proposal is beneficial to TikTok users. At the same time, it protects national security interests. In order to achieve the goals of both parties, we must make major changes. To ensure that the service meets security, privacy, online security and combating false information. The highest standards. We also clarified these principles in our August statement. Looking forward to seeing TikTok’s development in these important areas.”

The “deadline” (September 15) set by US President Trump for TikTok is approaching. Microsoft has a positive attitude towards the acquisition of TikTok’s US business and has always been considered a popular company to complete the acquisition.

Media interpretations

The New York Times reported on August 27. Negotiations to acquire TikTok’s US business have entered the final stage. Currently, two parties are participating in the bidding: Microsoft and Wal-Mart are one party, and Oracle, the world’s second largest software company, is the other.

According to the US Consumer News and Business Channel (CNBC), Bytedance’s latest decision makes Oracle the sole bidder for TikTok’s US business. ByteDance will not sell TikTok US business to Microsoft

“The Wall Street Journal” reported on the 13th that Oracle defeated Microsoft and won a bid for TikTok’s US business. The source said that Oracle will be announced as TikTok’s “trusted technology partner” in the United States, but the transaction may not be conducted in a direct sale.

On the other hand, Hong Kong’s South China Morning Post reported on the 13th that a source revealed that Bytedance will not sell or transfer TikTok’s algorithm source code to American buyers, but the TikTok US technical team can develop new algorithms.

The source described the move as: “Cars can be sold, but engines cannot.”

Earlier on September 9, the US “Wall Street Journal” stated that ByteDance was negotiating with the US government to try to avoid the full sale of TikTok’s US business.

ByteDance is negotiating a solution not to sell its US business.

ByteDance’s sale of its TikTok US business must be approved by the Chinese and American governments.

ByteDance is negotiating a solution not to sell its US business.

ByteDance’s sale of its TikTok US business must be approved by the Chinese and American governments.

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