Monday, 14 September 2020

ByteDance will not sell TikTok US business

TikTok, the leading social platform with over 100 million users in the United States, will not be sold to Microsoft or Oracle, latest reports claim. According to CGTN, an English TV station owned by the Chinese state, ByteDance will not sell its business to Oracle or Microsoft and won’t give its source code to any US firm. Multiple sources report Oracle is working on a more complicated deal with ByteDance, including becoming technology partners and stakeholders in each other’s entities. TikTok interface CGTN revealed China has issued a revised catalog of technologies that...

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