ByteDance will not sell TikTok's U.S. operations to Oracle Corp or Microsoft Corp and will not give the source code for the video platform to any U.S. buyers, China's state-run English television channel CGTN reported on Monday, citing sources.
and will not give the source code for the video platform to any U.S. buyers, China's state-run English television channel CGTN reported on Monday, citing sources.
People familiar with the matter told Reuters that ByteDance abandoned the sale of TikTok in the United States and decided to pursue a partnership with Oracle in hopes of avoiding a U.S. ban while appeasing the Chinese government.Reporting by Se Young Lee; Editing by Christian Schmollinger
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok Sale: ByteDance Rejects Microsoft Bid, Partners With OracleMicrosoft had been seen as the favorite to move forward in negotiations as ByteDance looked to avoid a shutdown of the popular social media app amid increased tensions between the U.S. and China.
Read more »
ByteDance picks Oracle in high-profile bid for video app TikTokThe win for Oracle came after its top rival, Microsoft, announced on Sunday that its effort had fallen short.
Read more »
TikTok Sale: ByteDance Partners With OracleMicrosoft had been seen as the favorite to move forward in negotiations.
Read more »
TikTok owner ByteDance rejected Microsoft bid for app's US operations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
TikTok Sale: ByteDance Rejects Microsoft BidThe Beijing-based tech giant is expected to name Oracle as its preferred partner to keep TikTok operating in the U.S.
Read more »
TikTok Sale: ByteDance Rejects Microsoft BidByteDance has rejected Microsoft&39;s bid for the U.S. operations of TikTok, a move that leaves Oracle as the likely partner for a deal to keep the popular social media app operating amid increased tensions between the U.S. and China.
Read more »