The TikTok owner chose Oracle over Microsoft as the preferred suitor to buy the popular video-sharing app, according to a source close to the deal, with the choice coming a week before President Donald Trump’s deadline to ban it in the USA. Microsoft said in a statement Sunday that TikTok’s parent company, Bytedance, “told us today that it will not sell TikTok’s US operations to Microsoft.”The Trump administration threatened to ban TikTok by mid-September and ordered ByteDance to sell its U.S. business, citing national security risks due to its Chinese ownership. The government is concerned about the transmission of user data to Chinese authorities. TikTok denies it is a national security risk and is suing to prevent the administration from the threat of ban.RELATED: President Trump Orders TikTok Owner to Sell US Assets
TikTok did not immediately return requests for comment on Sunday.
Microsoft said on Sunday it was “confident that our proposal would have been good for TikTok users while protecting national security interests.” The company said it “would have made significant changes to ensure the service meets the highest standards for security, privacy, online safety and the fight against disinformation.”
The video shown is taken from a previous report.
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