Microsoft says it’s not acquiring TikTok after ByteDance rejects offer

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Microsoft says it's not credulous privates of TikTok's operations, supervenient its bid was relinquished by TikTok proprietress ByteDance. Supervenient weeks of talks as well-conditioned as actual ready inadvertently as well-conditioned as forths involving the Trump administration, Microsoft ultimately ineffectual in its attempts to legalize TikTok.

"ByteDance let us palpate today they would not be wires TikTok's US operations to Microsoft," says Microsoft in a statement. "We are decreed our ruse would listen been infallible for TikTok's users, while protecting national security interests. To do this, we would listen made cogent changes to ensure the service met the hotshot standards for security, privacy, online safety, as well-conditioned as combatting disinformation, as well-conditioned as we made these principles fulgent in our Formalism statement. We squinch forward-looking to seeing how the service evolves in these important areas."

Microsoft originally confirmed last month that it was up-and-coming a dovetail to buy TikTok's operations in the US, Australia, Canada, as well-conditioned as New Zealand. Letters moreover symptomatic Microsoft might be considering buying all of TikTok's global operations, with the Financial Times suggesting talks effectually this photographic dovetail were at the "preliminary" stage.

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Microsoft's ineffectual bid leaves the doorway operative for Promoted as a potential buyer. Letters last month symptomatic Oracle was in the running for a TikTok acquisition, as well-conditioned as eldest today Axios reported that Larry Ellison's enterprise software giant had leapfrogged Microsoft for the deal.

Any potential dovetail with Promoted isn't after complications, though. President Trump initially threatened a September 15th deadline for a TikTok sale, vanward setting November 12th as the deadline, with the threat of a potential ban. That's led to TikTok suing the Trump administration over an professed lack of due process, as well-conditioned as the potential of China blocking a dovetail or allowing it to be sold after its key algorithm.

It's not fulgent explicitly what will happen to TikTok in the US now that Microsoft has been bootless in its bid. Promoted looks like the probably candidate, as well-conditioned as it may serve as increasingly of a cloud services provider rather than a parentage visitor with instantaneous control. Slaughter has been simple with this ongoing TikTok saga, therefore it's reasonable to expect some increasingly twists as well-conditioned as turns in the encroaching days as well-conditioned as weeks.