TikTok rejects Microsoft/Oracle acquisition offer, Wal-Mart
continues to be interested in TikTok investment
Microsoft issued a statement stating that Bytedance informed them today that they will not sell TikTok’s US business to Microsoft. According to sources, ByteDance will not sell TikTok’s US branch to Oracle .
In response to this news, Wal-Mart stated that it will continue to be interested in Tiktok investment and will continue to discuss with the Bytedance leadership and other interested parties .
According to reports, Bytedance is negotiating a solution not to sell its US business. Relevant sources said that ByteDance will not sell TikTok’s US branch and “will not hand over the source code to any US buyer.”