ByteDance rejects Microsoft TikTok Oracle profiles bids as app 'technology partner' in US to dodge Trump veto - The Chinese company ByteDance, owner of the short video app TikTok, rejected Microsoft's offer to buy the app business in the United States, as confirmed by the US technology in a statement released this Sunday, which leaves Oracle as the only competitor to take the operations of the popular app in the US market.
"ByteDance let us know this Sunday that it will not sell TikTok's operations in the United States to Microsoft," the company noted in this press release, in which it stated that its proposal "was good for TikTok users, while protecting the national security interests" Americans.
"To do this we have made significant changes to ensure that the service meets the highest standards of security, privacy and anti-disinformation, principles that we made clear in our August release," Microsoft added in its release.
The reasons why Bytedance rejected Microsoft's offer are so far unknown. The source tried to contact a representative of the Chinese company, but has not received a response.
The removal of Microsoft in this auction for the U.S. operations of TikTok, which has been forced to sell its business in the U.S. country after its President Donald Trump signed an executive order that would prevent it from conducting transactions with U.S. citizens starting September 15-although the deadline could have been extended by mid-November - for cybersecurity reasons, leaves Oracle as the only competitor in liza.
ByteDance rejects Microsoft TikTok Oracle profiles bids
Oracle has had the support of Trump himself-the company's founder is a prominent follower of the US president, who went on to publicly show his support for Oracle to buy TikTok-and also some Bytedance investors in the United States.
"I think Oracle would surely be a company that could handle it. We give them until September 15, " Trump said in mid-August.
Sources close to the operation claim that Oracle could already have been named as TikTok's "technology partner" in the United States, according to the New York Times, although they did not clarify whether this means that the software company will have a majority stake in the U.S. subsidiary of the application. The Wall Street Journal and The Washington Post also pointed to Oracle as the winner of this fight to buy the app's U.S. operations.
The Wall Street Journal reported Wednesday that ByteDance may be negotiating with the U.S. government a full sale of TikTok in the United States.
End of ByteDance rejects Microsoft TikTok Oracle profiles bids
The iPhone 12 presentation event could be disappointing for Apple fans
There are many who expect tomorrow, during September annual event, Apple officially present the iPhone 12. Traditionally, this has been the case in recent years. Every September the company has organized a media event in which its most important news for the new technological course is announced
However, rumors warn about the most possible blow that can be taken away tomorrow fans of the company. And it is that according to the latest rumors the iPhone 12 will probably come out in October due to delays by the coronavirus pandemic, and it may have its own presentation event within a month.
This means that Apple will not present tomorrow its new range of iPhone models, which could include 4 different models, some of them with 5G connection.
According to Bloomberg earlier this month, the company led by Tim Cook could use the September 15 event to present the new range of Apple Watch, a device with important novelties, such as blood oxygen monitoring or a longer battery life.
In addition, Bloomberg also states that tomorrow will be announced a new iPad or iPad Air, and anticipate that its cost will be more economical than expected, but without giving figures; this model would be more like the iPad Pro, removing the physical start button and removing the edges to better take advantage of the space of the screen.
It should be remembered that Bloomberg is a solid source, Since on other occasions it has managed to successfully filter several news about Apple.
If the rumors are met it would mean that the iPhone 12 would not have the prominence deserved, and since its release date has been delayed it is expected to have its own event on a date somewhat closer to its commercial release.
However, it is expected that Apple will also make interesting announcements tomorrow, especially if you are a loyal follower of the brand and want to buy other products in addition to the iPhone 12.
To watch the event live you can go on their YouTube channel or on their website; it will be tomorrow at 19 Spanish time.