NEW YORK: China's ByteDance has picked a consortium led by Oracle Corp for a deal for the US operations of short-video app TikTok, beating out rival bidder Microsoft Corp, a person familiar with the matter said on Sunday .
Microsoft said earlier on Sunday it was informed by ByteDance that it 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," the statement added.TikTok has been at the centre of a diplomatic storm between Washington and Beijing, and President Donald Trump gave Americans a deadline to stop doing business with TikTok's Chinese parent company ByteDance - effectively compelling a sale of the app to a US company.
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Microsoft says Bytedance won't sell TikTok's US operations to itWASHINGTON (REUTERS) - Microsoft said on Sunday (Sept 13) it was informed by Bytedance that it would not be selling TikTok's US operations to Microsoft.. Read more at straitstimes.com.
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