Setback for Microsoft. The US software company Microsoft is apparently out of the running when bidding for the US business of the short video platform Tiktok. According to insiders, a consortium around the US software group Oracle is said to have won the bid.
Bytedance has sold Tiktok the US business of the short video platform to a consortium led by Oracle. The deal has yet to be approved by the governments in Washington and Beijing, a person familiar with the matter told Reuters on Sunday.
Meanwhile, Microsoft said Bytedance “let us know today that they would not sell Tiktok’s US operations to Microsoft. The group is disappointed: “We are confident that our proposal would have been good for the users of Tiktok and at the same time would have protected national security interests.”
Passing on user data to China?
US President Donald Trump suspects Tiktok of espionage for the Chinese government. He has therefore signed a decree aimed at banning the popular platform from mid-September if it is not sold. Tiktok is suing the ordinance in a US federal court in California.
Trump justifies his action with an alleged threat to national security through Bytedance and Tiktok. Accordingly, with the help of the app, movement profiles could be created by federal officials and companies could be spied on. Bytedance and Tiktok deny giving user data to the Chinese government. (SDA)