TikTok: Microsoft’s Offer Rejected by ByteDance, the Platform’s Chinese Owner

Microsoft’s offer to buy TikTok’s US activities has been rejected by ByteDance, the platform’s Chinese owner, the US IT giant announced Sunday evening. “We are confident that our proposal would have been good for TikTok users while protecting national security interests,” Microsoft said.

The Microsoft Corp. had indicated in early August its interest in TikTok, under the threat of a ban in the United States. President Donald Trump, who has accused the popular social network of spying for China’s ...