World Desk, Tech for FTCP, Washington
Updated Mon, 14 Sep 2020 09:56 AM IST
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Microsoft announced on Sunday that Tittock had turned down its bid. Significantly, the US President Donald Trump has promised to ban Chinese-owned TicTock in the US over espionage concerns. He has given a deadline for this, the last date of which is 20 September.
However, Ticketcock and the White House have declined to comment on the deal. Oracle has also declined to comment on the deal. Walmart said on Sunday that it is willing to invest in TickTalk and is talking about it with ByteDance and other parties. Walmart is looking to buy TickTock in collaboration with Microsoft.
Also read: ByteDans rejects Microsoft's proposal, Ticketcock will not sell stake
The Trump administration has threatened to ban TickTock by 20 September and ordered ByteDance to sell its business to an American company, claiming national security risks due to Chinese ownership.
The US government worries that Ticketock is sharing the data with Chinese authorities. However, Ticketock has always denied that it is a threat to America and has filed a lawsuit over the administration's threatening ban.
Significantly, TickTock has been the center of a diplomatic dispute between Washington and Beijing, and US President Donald Trump has given Americans a deadline to prevent him from doing business with Ticketock. The main reason behind this is that Ticketcock sells its ownership to an American company.
At the same time, TicketTalk has been downloaded 175 million times in the US. Tiktok is used by one billion people worldwide. It has been accused of sharing users' data with China, although the company continues to deny this.