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TikTok picks Oracle over Microsoft in Trump-forced sales bid

FILE - In this Feb. 25, 2020 photo shows the icon for TikTok taken in New York. Privacy watchdogs say that the popular TikTok video app is violating a children’s privacy law and putting kids at risk. They filed a complaint saying TikTok is collecting personal information of kids under 13 without their parents’ consent, even after a $5.7 million FTC fine in 2019 over child-privacy law violations. Photo: AP Photo. FILE - In this Feb. 25, 2020 photo shows the icon for TikTok taken in New York. Privacy watchdogs say that the popular TikTok video app is violating a children’s privacy law and putting kids at risk. They filed a complaint saying TikTok is collecting personal information of kids under 13 without their parents’ consent, even after a $5.7 million FTC fine in 2019 over child-privacy law violations.

The Associated Press
Created: September 13, 2020 07:07 PM

The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal.

Microsoft announced Sunday that its bid to buy TikTok has been rejected, removing a leading suitor for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the U.S.

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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.”

The Trump administration has threatened to ban TikTok by mid-September and ordered ByteDance to sell its U.S. business, claiming national-security risks due to its Chinese ownership. The government worries about user data being funneled to Chinese authorities. TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.

Walmart had planned to partner with Microsoft on the deal. It's not clear if Walmart is still interested. Oracle has declined to comment.

TikTok also declined comment Sunday.

Microsoft said Sunday it was “confident our proposal would have been good for TikTok’s users, while protecting national security interests.” The company said it "would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation."


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