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Microsoft Will Not Be Acquiring TikTok After ByteDance Rejects Offer

Bad news for TikTok fans.

It looks like the social media app will not be acquired by Microsoft after TikTok’s parent company, ByteDance, has rejected their offer.

“ByteDance let us know today they 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. To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety and combatting disinformation, and we made these principles clear in our August statement. We look forward to seeing how the services evolves in these important areas,” Microsoft said in a statement on its corporate blog.

Microsoft made a bid for the app’s US operations after President Donald Trump issued an executive order for a ban on it, if not purchased by the deadline of September 20.

The tech giant wasn’t the only one in line to acquire the app, according to Variety. Software company Oracle is the other major candidate for the deal.

Just recently, TikTok announced that they would be suing the Trump Administration over the threat of the ban. Here’s why they came to that decision…

Microsoft Moves Forward in Acquiring TikTok After Donald Trump's Threat To Ban The App in the US

It looks like Microsoft is very serious about buying ownership of TikTok.

Following the weekend news that President Donald Trump was thinking about banning the popular short video app in the country, the tech company released a statement about their plans to acquire the company for operation in the United States.

“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” the company shared in a statement posted on the website.

It continued that the company “would ensure that all private data of TikTok’s American users is transferred to and remains in the United States,” the company says. “To the extent that any such data is currently stored or backed-up outside the United States, Microsoft would ensure that this data is deleted from servers outside the country after it is transferred.”

The Trump Administration weighed their concerns about the app because of its parent company, ByteDance, who may or may not be sharing data of American users with the Chinese government.

After Trump‘s threat to ban, TikTok responded to him over the weekend.

Microsoft Is Closing Down All Retail Stores

Microsoft is closing its retail doors.

The retail giant announced on Friday (June 26) that all of its stores will be closed down, shifting instead to online sales.

The decision comes at the same time as Apple was forced to re-close dozens of stores amid the ongoing global health crisis.

“Four store locations — in London, New York City, Sydney and at Microsoft’s Redmond, Washington campus — will be converted from retail stores to ‘experience centers,’ Microsoft said; the rest of the company’s 116 stores both at home and abroad will be shuttered,” The Wrap reports.

“Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location. We are grateful to our Microsoft Store customers and we look forward to continuing to serve them online and with our retail sales team at Microsoft corporate locations,” Microsoft VP David Porter said.

This other retailer is permanently closing all retail stores amid the pandemic…