Tag Archives: TikTok sale

ByteDance will not sell the US operations of its short video platform TikTok to Microsoft or Oracle, nor will the company deliver the source code to any US buyers, a new report by Chinese state media CGTN said, citing sources. Microsoft had previously confirmed that the company’s offer for TikTok …

Zhang Yiming’s plan to sell the US operations of his short video app TikTok to avoid a shutdown was jeopardized after China asserted its authority over a deal that was already under scrutiny by the Trump administration. Beijing added uncertainty to already thorny negotiations on the sale of ByteDance Ltd.’s …