ByteDance will not sell its businesses TikTok based in the United States of America Microsoft, as the Chinese company chose Oracle as its "reliable technology partner". Now more information is emerging about the reasons why the software company from Redmond lost the battle for the acquisition of the Chinese service.
Altough was considered to be able to buy TikTok, the Microsoft seems to have outraged ByteDance CEO Zhang Yiming when he cited the Chinese service as a security threat he wants to fix by transferring user data to the United States.
OR Microsoft said in a statement in August that it was continuing acquisition talks with ByteDance, but agreed that a U.S. government spokesman would be involved in the talks.
"THE Microsoft will move quickly to continue discussions with its parent company TikTok, ByteDance, within a few weeks. In any case, it will conclude these discussions by 15 September 2020 at the latest. During this process, the Microsoft looks forward to continuing the dialogue with the Government of the United States, including the President. THE Microsoft appreciates the personal involvement of the US government and President Trump as it continues to develop strong security protections for the country. "
In an announcement this week, the Microsoft confirms that ByteDance has rejected its offer and reveals that the Chinese company did not respond to its requests Microsoft, especially as pressure from the Americans increased.
"ByteDance informs us that it will not sell its businesses TikTok based in the USA in Microsoft. We are sure that our proposal was good for its users TikTok, while protecting the interests of national security. To do this, we will make significant changes to ensure that the service meets the highest standards of security, privacy, cybersecurity and the fight against misinformation, and we made this clear from the outset in a statement in August. "We look forward to seeing how the service will evolve in these important areas," she said. Microsoft.
President Trump is expected to decide on the partnership between ByteDance and Oracle this week.