Microsoft's TikTok Acquisition Bid Rejected; Oracle Still in the Running
'ByteDance let us know today they would not be selling TikTok's U.S. operations to Microsoft,' the company says. Several reports indicate that Oracle has secured the winning bid.
Trump's War on TikTok Might Force Companies to Choose Between Doing Business With the U.S. or China
Chinese-owned TikTok is under pressure from President Donald Trump to sell its U.S. operations or face a ban - but China responded last week by implementing new export rules that could give it power to veto the sale.
TikTok Outlines Why It Thinks President Trump's US Ban Is Illegal
'By banning TikTok with no notice or opportunity to be heard (whether before or after the fact), the executive order violates the due process protections of the Fifth Amendment,' the company says.
Microsoft Confirms It's in Talks to Acquire TikTok in the U.S.
It's not a done deal. 'These discussions are preliminary and there can be no assurance that a transaction which involves Microsoft will proceed,' the company says.