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Summary List Placement The Chinese owner of TikTok rejected Microsoft's offer to buy US operations for the popular video app, according to a statement from Microsoft released on Sunday. The move left Oracle as the sole publicly known contender to purchase the American operations of TikTok.  "ByteDance let us know today they would not be selling TikTok's US operations to Microsoft," Microsoft wrote in...

Microsoft announced in a statement Sunday that it will continue discussions to acquire US operations of the popular video app TikTok. The announcement comes after President Donald Trump told reporters that his administration was looking into banning the Chinese-owned app citing security concerns, sparking widespread concern and panic among creators on the social media platform. The company said in the statement that it is...