Microsoft Is Not Buying Tiktok Anymore, It's All in Oracle's Hand Now

ByteDance's Tiktok has been in a limbo of sorts ever since President Trump of the United States gave an executive order last month. Microsoft that was in talks with ByteDance for US Tiktok operations issued a statement saying:

ByteDance let us know today they would not be selling TikTok’s US 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 service evolves in these important areas.

Oracle has now reportedly taken over Microsoft as favorites to buy short video app TikTok’s US operations and China isn't too happy about it. A report published in South China Morning Post noted that due to China’s new regulations on the export of AI, Oracle might not get Tik Tok’s much-lauded recommendation algorithm, even if a deal is struck. It looks like China isn't keen on letting other countries acquire AI that has been developed in the country.

Bytedance has also been in talks with buyers in India for its Indian Tiktok operations. It must be noted that unlike the US, India has not issued a directive or an executive order for Bytedance to sell Tiktok India operations. TikTok has already been banned in India since June 29 due to privacy concerns of user data and escalating tensions between India and China. The future of Tiktok remains bleak in both America and India as more and more users switch to either a homegrown alternative app or Instagram Reels.