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Tiktok sale

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…