Microsoft says Bytedance won't sell TikTok's U.S. operations to it
FILE PHOTO: China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. REUTERS/Florence Lo/Illustration/File Photo
(Reuters) - Microsoft said on Sunday it was informed by Bytedance that it would not be selling TikTok's U.S. operations to Microsoft.
"We are confident our proposal would have been good for TikTok’s users, while protecting national security interests," Microsoft said in a statement.
(Reporting by Ann Maria Shibu in Bengaluru; Editing by Muralikumar Anantharaman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- E.W. Scripps Co. (SSP) exploring sale of Black-culture broadcast network Bounce TV - CNBC
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- EU Antitrust Regulators Concerned About Impact of KKR, Telecom Italia Deal on Viability of Wholesale Market - Reuters
Create E-mail Alert Related Categories
Mergers and Acquisitions, Reuters, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!