Jubilee Post News & Views
Special Desk
TikTok has rejected Microsoft bid to buy the US operations thereby paving way for Oracle to make an attempt.
The US had given 15 September as the deadline for the Chinese-owned app to sell or shut down. The Trump administration claims TikTok and other Chinese apps are national security threats. Microsoft and Oracle led the race to buy TikTok from Chinese firm ByteDance.
The Wall Street Journal and Reuters have reported that Oracle, which sells database technology and cloud systems to businesses, had won the bidding war, citing people familiar with the matter.
A TikTok spokesperson told the BBC the firm was “not commenting on either the Microsoft development nor the Oracle speculation”.
Microsoft announced that “ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.”
This paves the way for Oracle, who Trump said would be “a great company” to take over TikTok’s US operations last month. Oracle’s chairman Larry Ellison is a supporter of Trump and held a fundraising event for him in February.
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Trump ordered TikTok’s owner ByteDance to sell its US business within 90 days or face being shut down. Trump has said apps such as TikTok, WeChat and equipment maker Huawei pose a national security threat because data collected about users can be shared with the Chinese government.
The Chinese firms deny this claim. Huawei also faces a ban on 15 September that effects its non-American suppliers. In August, TikTok filed a lawsuit against the US government in response to Trump’s executive order to ban the app.
