The proposed deal is expected to meet the needs of TikTok’s users, as well as satisfy American national security concerns, a person familiar with the situate said. The California-based cloud computing giant will be ByteDance’s US “technology partner,” the person said. The deal likely won’t be structured as a sale, The Wall Street Journal reported, and still needs US government approval.
Microsoft, which was pursuing a deal along with partner Walmart, said in a statement that its bid was rejected by Beijing-based ByteDance. The software giant had been seen as the front-runner in negotiations.
“ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft,” said Microsoft in a statement earlier on Sunday. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.”
Microsoft said it would have made “significant changes” to TikTok to ensure security, privacy, online safety, and combatting disinformation.
The decision comes a little more than two months after President Donald Trump, citing national security concerns, announced in early August his intention to ban TikTok unless it was purchased by a US company. Speaking to reporters, Trump specifically mentioned Microsoft as a candidate — the only company the president explicitly referenced — making it the public frontrunner to buy TikTok over the past month. An was issued on Aug. 6. A subsequent order required ByteDance to divest TikTok by Nov. 12.
Oracle’s interest in purchasing TikTok Larry Ellison a “tremendous guy.”“I think Oracle is a great company,” Trump said ahead of a rally in Yuma, Arizona, responding to the reports. “I think Oracle is someone that could handle it.” Trump also called Oracle co-founder
Ellison is one of the tech industry’s most well-known Trump supporters. He hosted a fundraising event for the president back in February that caused some of Oracle’s workers to stage a walkout in protest.
A deal according to the South China Morning Post. In late August, China updated the country’s export-control rules to cover sensitive technology, suggesting ByteDance likely needed Beijing’s approval over any US deal. It’s unclear how Oracle’s partnership with ByteDance will address these potential hurdles. The White House didn’t immediately respond to a request for comment.earlier this month, though several barriers remained. ByteDance has said the AI-powered algorithm behind TikTok — arguably the app’s greatest asset — won’t be part of the deal,