Business
TikTok rejects Microsoft bid at eleventh hour – BBC News
Oracle is now the favourite to take over US operations of the popular Chinese-owned video-sharing app.
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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.
US President Donald Trump gave a 15 September deadline for the Chinese-owned app to sell or shut down.
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.
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