US software giant Microsoft is reportedly in advanced talks to buy TikTok's US operations. The move comes as the popular Chinese-owned video app has come under intense scrutiny in the US, with Trump threating to ban it.
The tentative deal has kept the app in online stores for another week. The deal will involve American companies Oracle and Walmart for technological and commercial partnerships.
China's ByteDance has chosen a consortium led by Oracle to take over TikTok's US business, according to reports. Rival bidder Microsoft has revealed its bid was rejected.
ByteDance has rejected Microsoft's bid to buy TikTok's US operations and sources say the Chinese firm will instead seek a partnership deal with Oracle. But will TikTok's valuable algorithm be part of the deal?
The judge delayed the Trump administration's ban hours before it was due to take effect, citing concerns over free speech. Owned by Chinese tech giant TenCent, WeChat in the US has around 19 million active daily users.
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