in a statement. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.”TheWrap has reached out to ByteDance, Oracle and Microsoft for comment.Microsoft, which is worth about $1.6 trillion, is looking to buy TikTok from its Beijing-based parent company Bytedance for $50 billion, Reuters reported in July.
An antitrust expert told TheWrap last month that a Microsoft deal for TikTok wouldn’t present the same antitrust concerns as a potential Facebook bid would.
But from a regulatory standpoint, the optics might not be great if the second most valuable company in the world gobbled up a powerhouse social app.Also Read: TikTok Parent ByteDance Won't Sell Underlying Algorithm, China.
Read more on thewrap.com
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