Microsoft Says Its Bid for TikTok Was Rejected in U.S.-China Standoff

SourceThe New York Times
SectorEconomy
CountryGCC

The move leaves Oracle as the sole known remaining bidder, as the clock ticks down on President Trump’s executive order to block the app.Microsoft, led by Satya Nadella, was seen as the American technology firm with the deepest pockets to buy TikTok’s U.S. operations. Credit...Mark Lennihan/Associated PressBy David E. Sanger, David McCabe and Erin GriffithWASHINGTON — The owner of the Chinese app TikTok rejected an offer on Sunday from Microsoft to take over the firm’s U.S. operations, according to Microsoft officials and other people involved in the negotiations, as time runs out on an executive order from President Trump threatening to ban the popular app unless its American operations are sold.Microsoft was seen as the American technology company with the deepest pockets to buy TikTok’s U.S. operations from its parent company, ByteDance, ...read more...