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Microsoft is officially out of the running to buy TikTok. The company issued a brief statement on Sunday confirming that ByteDance, TikTok’s parent company, rejected its offer to buy TikTok’s US operations. Meanwhile, ByteDance seems poised to announce a deal with Oracle, the only other known US company left in the bidding war.
In its statement, Microsoft said:
“We are confident our proposal would have been good for TikTok’s users, while protecting national security interests. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”
https://www.engadget.com/microsoft-not-buying-tiktok-233257859.html