New Delhi: ByteDance, a Chinese company owned by TikTok, has turned down Microsoft’s offer. The company has said that it will not sell TikTok’s business to Microsoft. At the same time, ByteDance company has ‘technical partnership’ with Oracle Corp to run TikTok in the US. According to 3 people associated with the case, the ByteDance company has not fully sold its video-making app TikTok.
Under this ‘Technical Partnership’ deal, Oracle Corp will now look into and resolve matters of national security issues that the Trump administration questioned. Let us know that US President Donald Trump gave ByteDans until September 15 to sell TikTok’s business in the US to an American company.
ByteDance has said in a statement that its proposal is very good for TikTok users and is also in the interest of national security. The company said that to do this, some major changes have been made on their behalf, which will ensure national security, privacy, online safety and prevent rumors etc.
