In a blog post, Microsoft wrote, “ByteDance let us know today they 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. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.”
On Thursday, Oracle CEO Safra Catz started the company’s quarterly earnings call by telling Wall Street analysts that they will not comment on reports regarding TikTok.
It had been reported that Oracle was interested to acquire the operations of the Chinese social video app in the United States. The enterprise software giant was reportedly working with a group of U.S. venture capital firms that already own a stake in TikTok.
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