Confirmed: TikTok rejects Microsoft's bid to acquire US operations

Last night, WSJ reported that Oracle may have won TikTok’s bid in the US. Now, Microsoft has confirmed that ByteDance has rejected its bid for TikTok’s US operations. Microsoft published the following statement regarding the rejection.

ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement. We look forward to seeing how the service evolves in these important areas.

Source: Microsoft