81

TikTok Rejected Buyout Offer Microsoft

U.S. technology giant Microsoft said on Sunday its promise to buy TikTok was rejected, as the deadline approaches a Chinese-owned video application to sell or ban its operations in the US.

Latest News about tiktok

TikTok was at the center of a political storm between Washington and Beijing, and President Donald Trump has given Americans a deadline to stop doing business with TshTok’s parent company ByteDance – successfully forcing the sale of the app to a US company. Trump says TikTok could be used by China to track down public service locations, create documents for fraudulent individuals and conduct corporate intelligence.

We are confident that our proposal would be in the best interests of TikTok users, while protecting national security interests, the statement said. Following Trump’s top control, Microsoft and Oracle may be the custodians of TikTok’s operations.

Microsoft said it would make significant changes to ensure that the service meets the highest standards of security, privacy, online security and the fight against anonymous information.

TikTok against the US government’s campaign

TikTok filed a lawsuit against the US government’s campaign, arguing that Trump’s order was a misuse of the International Emergency Economic Powers Act because the platform was not “dangerous and unusual.”

Downloaded 175 million times in the US, TikTok is used by nearly one billion people worldwide to make quirky, short forms on their mobile phones. He has repeatedly denied sharing details with Beijing.

Feedback

Write a Review!