It’s a big news that TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app. However, Microsoft had announced on this Sunday that its bid to purchase TikTok has been rejected, which lead in removing a leading suitor for the Chinese-owned app a week before President Donald Trump had promised to follow through with a plan to ban it in the United States.
“Let us know today they would not be selling TikTok’s US operations to Microsoft.”Microsoft said in a Sunday statement to TikTok’s parent company, Bytedance.
Moreover, the Trump administration has also threatened to ban TikTok by mid-September and has ordered ByteDance to sell its US business, further claiming the national-security risks due to its Chinese ownership. However, in this stage, the government worries about user data being funneled to the Chinese authorities. TikTok has denied it is a national-security risk and is also suing to stop the administration from the threatened ban.
Walmart may not be interested in Microsoft now
Walmart had planned to become partner with Microsoft on the deal. However, it’s not clear if Walmart is still interested in partnering with Microsoft. Oracle has declined to comment.
“Keeping this proposal as confidential would have been good for TikTok’s users, while protecting national security interests. It would have made significant changes to ensure the service met the highest standards for security.”Microsoft said on Sunday.