TikTok Rejects Microsoft Takeover Offer, Oracle Still Working on It

In late August, Donald Trump gave ByteDance 90 days to find an American buyer for TikTok. Once that deadline is up, the Chinese social network will be banned from use in the US. The White House tenant believes the filing poses a threat to American national security. Several players, including Microsoft, Oracle, Twitter and Netflix, quickly began talks with ByteDance. Most recently, ByteDance claimed it had found a buyer for TikTok’s American operations.

China skips Microsoft’s takeover bid

Contrary to all expectations, it is not Microsoft. Microsoft announced in a press release that it had rejected the offer from the Chinese group Redmond.We believe our proposal would be good for TikTok users while protecting U.S. national security interests.” Reports to Microsoft. On the contrary Support from WalmartTikTok has slipped through Microsoft’s fingers.

“We would make significant changes to ensure the app meets the highest standards in security, privacy, online safety and combating misinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these key areas.” He’s kidnapping an American company.

The latest news was that Microsoft wanted to buy TikTok and all its algorithms. China has been taking action against Chinese companies for several days.Export technologies such as artificial intelligence or content recommendation algorithms. These algorithms are central to TikTok’s success. ByteDance, which had to comply with Beijing’s rules, rejected Microsoft’s offer.

After Microsoft’s rejection, Oracle is emerging as the new favorite to acquire TikTok. The Californian database giant wants to acquire TikTok’s operations in the US, Canada, New Zealand and Australia with the support of investment funds. According to our colleagues from the Wall Street Journal, Oracle will offer the Chinese company a real partnership rather than a pure and simple sale. We will tell you more as soon as possible. While waiting for more information, do not hesitate to share your views in the comments below.

Source : Wall Street Journal