Microsoft Says Its Bid To Buy TikTok Has Been Rejected

The Trump administration has threatened to ban TikTok by mid-September and ordered ByteDance to sell its U.S. business, claiming national-security risks due to its Chinese ownership. The government worries about user data being funneled to Chinese authorities. TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.

Walmart had planned to partner with Microsoft on the deal. It’s not clear if Walmart is still interested. Oracle, another reported bidder, has declined to comment.

TikTok didn’t immediately return requests for comment Sunday.

Microsoft said Sunday it was confident our proposal would have been good for TikToks users, while protecting national security interests. The company said it “would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation.”