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Original title: New! TikTok rejects Microsoft’s takeover offer, is it really closing and not selling? Only 2 days left in the window period!
On September 13 local time, Microsoft issued a statement stating that Bytedance had rejected its offer to acquire TikTok.
Microsoft stated that ByteDance informed us today that they refused to sell the US TikTok business to Microsoft. We believe that our proposal will benefit TikTok users while protecting national security interests. To do this, we must make important changes to ensure that the service meets the highest standards of security, privacy, online safety and fight against false information. We also clarified these principles in our August statement. We look forward to seeing TikTok’s business develop in the US in these important areas.
According to the New York Times, this move made Oracle the sole public bidder for TikTok.
Furthermore, US President Trump has stated that the deadline for Bytedance to sell US TikTok assets will not be extended, which means there are only 2 days left for Bytedance to sell US TikTok assets. (Calculated in US time). .
Would China prefer that TikTok close its business in the United States? Byte heartbeat response
On September 12, Reuters cited three sources as an exclusive report saying that China was opposed to the forced sale of the US TikTok business by Chinese company ByteDance, but would prefer that this short video app stop operating in the United States. United.
ByteDance’s response shows how different China is from the Trump administration, which interferes with business operations and asks for “facilities.”
Since Trump threatened to “get started” last month, Bytedance has been negotiating with potential buyers like Microsoft and Oracle to sell the US TikTok business.
Two of the sources also broke the news that, if necessary, China is willing to use the “Catalog of China’s Export Prohibition and Restriction Technologies” published on August 28 to postpone any agreement reached by Bytedance.
However, Bytedance emphasized in a statement to Reuters that China never recommended that it close the TikTok business in the United States or in any other market.
Many US media outlets have reported that Bytedance is negotiating with the US government about other possibilities, including not fully selling the US TikTok business and extending the “term”. A source told Observer.com that Bytedance is negotiating a solution not to sell its business in the United States.
Trump: Bytedance’s deadline to sell US TikTok assets will not be extended
Earlier last month, Trump threatened to sell the short video app TikTok to an American company before September 15 or it would be forcibly shut down. Chinese Foreign Ministry spokesman Wang Wenbin had previously voiced strong opposition to US actions, calling it a naked hegemonic act.
According to Reuters, Trump told reporters before heading to Michigan on the 10th that the deadline for ByteDance to sell TikTok’s US assets will not be extended, “closed or sold.”
This means there are only 2 days left for ByteDance to sell TikTok.
In response, Foreign Ministry spokesman Zhao Lijian said on September 11 that, regarding TikTok, I would like to emphasize again that China opposes the United States’ generalization of the concept of national security, abuse of national power. and unreasonable repression of specific companies in other countries. US attempts to adopt political manipulation and economic harassment tactics against non-US companies are typical government coercive transactions and government-ordered transactions, amounting to arrogance. This not only violates the principles of the market and international rules, but also denies the principles of the market economy and fair competition that the United States has always announced. Zhao Lijian stressed that the United States should immediately correct its mistakes and stop unreasonably cracking down on companies from other countries, including Chinese companies. China reserves the right to take necessary measures to safeguard the rights and interests of Chinese companies.
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