Microsoft unintentionally insulted TikTok's owner during its bidding war with Oracle - Business Insider

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Sources told Reuters that Microsoft didn't help itself when it upset Zhang Yiming, the CEO of TikTok parent firm ByteDance, when it called TikTok a security risk it could fix. Microsoft, formerly the frontrunner to scoop up TikTok's US operations, this week lost out to tech giant Oracle. ByteDance and Oracle have submitted a proposal to the White House that Oracle should become the app's "trusted tech partner" in the US.that ByteDance CEO Zhang Yiming was upset after Microsoft characterized TikTok as a security risk it could fix when speaking to US lawmakers.

Sources also told Reuters Microsoft's bid — which was more than $20 billion — did not satisfy ByteDance's investors. The price plus recent signaling from Beijing that it wouldn't accept a forced sale of TikTok to a US company reportedly sealed Zhang's decision to strike a partnership deal with tech giant Oracle rather than sell outright to Microsoft.

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TikTok owner ByteDance rejected Microsoft bid for app's US operations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. meh. asskisser Zhang did sth brave for the first time. kudos to him this time. earned my tiny bit of respect for the first damn time. oh. I forgot. if he sold it. we will do exactly the same by Trump to douyin as tiktok sold to USA.China NS severely Oracle doesn’t make it either -
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