Microsoft said in a Sunday statement that TikTok's parent company, Bytedance, "let us know today they would not be selling TikTok's US operations to Microsoft." Microsoft said Sunday it was "confident our proposal would have been good for TikTok's users, while protecting national security interests." Oracle bid 'doesn't make any sense'Both Microsoft and Oracle are known more for their business software offerings than for those intended for consumers. The president said on Aug. 18 that Oracle was "a great company" that "could handle" buying TikTok. He declined to state his preference between Oracle and Microsoft as buyers.

Source: CBC News September 14, 2020 00:02 UTC