- Bytedanc rejects Microsoft’s offer a few days before the Tiktok sell-off deadline
- Trump claimed that China can be used for corporate spying of Tiktok.
- Tiktok refused Microsoft proposal, know why the offer was turned down
There is not much time left in the selling deadline of Tiktok American operations. If TikTok is not sold in the hands of an American company soon, this app may cease to exist in the US. The special thing is that despite being fully aware of this, ByteDance has rejected the joint offer of Microsoft and Oracle in which Tiktok went to buy. This information has been given by the world’s tech giant itself. Let me tell you that Microsoft was considered to be a strong contender. It was the first company in the United States that first talked about buying Tiktok. After which, Oracle also joined him.
Bytedanc will not sell Tiktok to MS
One of the world’s largest tech companies, not just in the United States, Microsoft, referring to BiteDance, the owner of Tiktok, said that they have refused to sell US operations to Microsoft, defying our proposal. Bytedanc says that they are not selling their app to MS. Microsoft says that their proposal is good enough for Tiktok users and in view of national security. It will not harm anyone.
Ever since tensions between China and the United States have increased, Chinese video app Tiktok has been knocking in the eyes of US President Donald Trump. After which Donald Trump had set a deadline for US companies to stop trading with Tiktok’s parent company, BiteDance. It was claimed by Trump that China could use Tiktok to track the location of government employees, make dossiers to blackmail and corporate espionage. With the threat of American National Security, private information of the American people will reach China. Which China can use against America. After that, the race to buy Tiktok on behalf of American companies started.
17.5 million downloads in the USA
In the US, even though Tiktok has been downloaded 17.5 million times less than in India, Tiktok is very important in business terms for BiteDance and America. The reason for this is the Review of BiteDance in the US because of Tiktok. The annual revenue to Bytdans was 6 times higher than that of India in FY 2019-20 due to Tiktok. It is clear that Tiktok’s business is very big in the US in terms of revenue. Let us tell you that ByteDance says that the company does not share data with China.
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