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Microsoft says its bid to buy TikTok has been rejected

Microsoft says its bid to buy TikTok has been rejected | iNFOnews.ca
FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. Microsoft says its bid to buy popular video-sharing app TikTok has been rejected, removing a leading suitor for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the U.S. AP Photo/File

Microsoft says its bid to buy popular video-sharing app TikTok has been rejected, removing a leading suitor for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the U.S.

Microsoft said in a Sunday statement that TikTok's parent company, Bytedance, “let us know today they would not be selling TikTok’s US operations to Microsoft.”

The Trump administration has threatened to ban TikTok by mid-September and ordered ByteDance to sell its U.S. business, claiming national-security risks due to its Chinese ownership. The government worries about user data being funneled to Chinese authorities. TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.

Walmart had planned to partner with Microsoft on the deal. It's not clear if Walmart is still interested. Oracle, another reported bidder, has declined to comment.

TikTok didn't immediately return requests for comment Sunday.

Microsoft said Sunday it was “confident our proposal would have been good for TikTok’s users, while protecting national security interests.” The company said it "would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation."
News from © The Associated Press, 2020

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Kathy Michaels

Kathy Michaels has been an Okanagan-based journalist for more than a decade, working for community papers along the valley and beyond.
She’s won provincial and national awards in business, news and feature writing and says that her love for telling a good story rivals only her fondness for turning a good phrase.
If you have a story that deserves to be told in a thoughtful and compassionate manner, don’t hesitate to reach out.
To reach Kathy call 250-718-0428 or email kmichaels@infonews.ca.

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