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tiktok ban

ByteDance rejects Microsoft’s offer to buy TikTok

3 mins read

The FINANCIAL — Microsoft says that it’s not acquiring parts of TikTok’s operations after its bid was rejected by Beijing-based ByteDance. After weeks of public back and forths, Microsoft ultimately failed in its attempts to acquire TikTok. Talk of a sale began as President Donald Trump issued executive orders last month seeking to ban TikTok and requiring that its US operations be spun off from its parent company. It’s not clear exactly what will happen to TikTok in the US now that Microsoft has been unsuccessful in its bid, but it leaves the door open for Oracle as a potential buyer. Microsoft…

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ByteDance rejects Microsoft’s offer to buy TikTok

3 mins read

The FINANCIAL — Microsoft says that it’s not acquiring parts of TikTok’s operations after its bid was rejected by Beijing-based ByteDance. After weeks of public back and forths, Microsoft ultimately failed in its attempts to acquire TikTok. Talk of a sale began as President Donald Trump issued executive orders last month seeking to ban TikTok and requiring…

TikTok responds to Trump’s decision and threatens with legal action

3 mins read

The FINANCIAL — President Trump agreed to allow Microsoft Corp negotiate the purchase of TikTok, only if they can have a deal in 45 days. TikTok thinks that Executive Order risks undermining global businesses’ trust in the United States and it sets a dangerous precedent for the concept of free expression and open markets. Popular app…