TikTok has chosen Oracle as US ‘technology partner,’ rejecting Microsoft’s bid

TikTok sign

Trump has even said that he believes the USA government should receive a cut of whatever agreement is eventually made to sell TikTok's American assets, a move that tech experts say could set a unsafe precedent for future worldwide tech deals.

In a statement, Microsoft said its bid for TikTok's USA operations was rejected by ByteDance.

ByteDance has been in talks to sell TikTok's U.S. busines to potential buyers since U.S. President Donald Trump threatened last month to ban the service if it was not sold.

After earlier reports a TikTok sale to a U.S. company could be finalized soon, Microsoft has announced that Bytedance, the Chinese company behind TikTok, has rejected Microsoft's bid for control over TikTok's United States operations.

The government worries about user data being funnelled to Chinese authorities.

Microsoft said Sunday it was "confident our proposal would have been good for TikTok's users, while protecting national security interests".

Chelsea's transfer spend demands title challenge from Lampard
Chelsea have been by far the most active team in the transfer market so far, spending almost £250m with more deals on the way. He said: "I didn't come into the job to fight for fourth place or bring academy players in; I came here to win".

The company said it 'would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation'.

Owning TikTok would give the winning bidder access to an addictive video-sharing app used by more than 100 million people in the US.

Walmart had planned to partner with Microsoft on the deal.

TikTok didn't immediately return requests for comment Sunday.

Oracle is an American multinational computer technology company that sells database software along with cloud engineering systems. If President Trump rejects the "no algorithm" condition, making the divestment of TikTok impossible, the app could go dark for its users in America after the September 15 deadline.

Oracle is working with venture capital firm Sequoia Capital, a ByteDance investor, in its pursuit of TikTok.

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