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

VCG/VCG via Getty Images; Stephen Lam/Stringer/Getty Images

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.

Are you struggling to have a job, here I’m making up to $10,000 every 6 days in forex trading if you’re interested ask me How or inbox me

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the real reasons behind Mike Corbat's early retirement - 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. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the life of an Uber driver in NYC during COVID-19 - 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.
Source: BusinessInsider - 🏆 729. / 51 Read more »

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 -
Source: BusinessInsider - 🏆 729. / 51 Read more »