Sep 28, 2021

Microsoft says failed TikTok acquisition was 'strangest thing'

Microsoft chief executive Satya Nadella has described the proposed deal to buy TikTok, under pressure from the Trump White House, as "The strangest thing". In August 2020, as President Trump threatened to ban TikTok, the Chinese video app's owner ByteDance approached Microsoft as a possible partner. Ultimately TikTok chose rival Oracle - although that deal also never happened. In the end, TikTok struck a deal with Oracle and Walmart. In June of this year, President Joe Biden revoked the executive order to ban TikTok and that of fellow Chinese app WeChat, putting any such deals with US tech firms on the backburner.

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