Business
TikTok rejects Microsoft bid to buy US arm of business, clearing way for Oracle to partner with Chinese-owned app – ABC News
A week before Donald Trump has threatened to ban TikTok in the US over its Chinese ownership, Microsoft announces its bid to acquire the app’s American operations has been rejected
Under pressure to find a US partner so it can continue operating in the American market, video-sharing app TikTok has rejected a bid from Microsoft.
- The Trump administration has threatened to ban TikTok by September 20 and ordered owner ByteDance to sell its US business
- The US Government says the app’s Chinese ownership represent a national security risk
- TikTok denies it has shared user data with the Chinese Government, and says it would not do so if asked
The…
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