Microsoft published a statement, saying TikTok parent company ByteDance, has rejected its offer on buying TikTok’s US operation on Sunday. It is said that the deal is to be a partner, rather than a full sale.
ByteDance was not willing to sell its affective algorithm to US bidders, says Microsoft on a report from the China post that was published this weekend. Meanwhile, they never specify what changes to the service it had proposed.
ByteDance informed both US officials and would-be buyers of its decisions, according to the report.
Microsoft was considering a purchase of TokTok’s Us arm, which was confirmed in early August. The oracle is the only known American suitor since Microsoft is out, which was reported by the New York Times. Though it is not yet by the ByteDance Oracle has been nominated as the winner, which will be reported by the Wall Street Journal tonight.
TikTok is planning on moving forward with Oracles, through the condition of the deal if it can be considered as the acquisition is not clear, confirmed by a familiar source.
Meanwhile “Oracle is to be announced as TikTok’s faithful tech partner”, said The Wall Street Journal. “We believe that our proposal was going to be good for TikTok’s users meanwhile we protect the interest security of the nation”, Microsoft said in a statement.
ByteDance and Microsoft were asked for comment, meanwhile, Oracle has not said how Tiktok’s will qualify in their existing strategy.