Microsoft Statement on TikTok

#1

Post by myth17 » Sun, Sep 13, 2020, 11:20 PM UTC

Microsoft Statement on TikTok
blogs.microsoft.com

Re: Microsoft Statement on TikTok

#2

Post by doctoboggan » Sun, Sep 13, 2020, 11:35 PM UTC

Strange, it seems like they are in a way accusing ByteDance of not selling to them because MS was going to make changes to meet their "highest standards for security, privacy, online safety, and combatting disinformation".

Is it usual for a company to give out any statement when a potential acquisition does not happen?

Re: Microsoft Statement on TikTok

#3

Post by leptoniscool » Sun, Sep 13, 2020, 11:39 PM UTC

They found a higher bidder? Or did export restrictions from China hinder sale?

Re: Microsoft Statement on TikTok

#4

Post by yepthatsreality » Sun, Sep 13, 2020, 11:41 PM UTC

Short, sweet, and to the point; you can feel the rage.

Re: Microsoft Statement on TikTok

#5

Post by kmfrk » Sun, Sep 13, 2020, 11:42 PM UTC

leptoniscool wrote: post #3

They found a higher bidder? Or did export restrictions from China hinder sale?

ByteDance announced they weren't going to hand over the recommendation algo for TikTok which seems like a bit of a dealbreaker.

~~https://twitter.com/verge/status/1305285085722292224~~

Right link: https://twitter.com/business/status/1305179144171421708

Re: Microsoft Statement on TikTok

#6

Post by chki » Sun, Sep 13, 2020, 11:42 PM UTC

doctoboggan wrote: post #2

Strange, it seems like they are in a way accusing ByteDance of not selling to them because MS was going to make changes to meet their "highest standards for security, privacy, online safety, and combatting disinformation". Is it usual for a company to give out any statement when a potential acquisition does not happen?

I think if you are a publicly traded company you are even required by law (at least in Europe) to publish information about the failure of such an important acquisition as soon as you learn about it.

Edit: see for example Art. 17 of the EU market abuse regulation.

Re: Microsoft Statement on TikTok

#7

Post by [deleted] » Sun, Sep 13, 2020, 11:43 PM UTC

yepthatsreality wrote: post #4

Short, sweet, and to the point; you can feel the rage.

[deleted]

Re: Microsoft Statement on TikTok

#8

Post by nikolay » Sun, Sep 13, 2020, 11:43 PM UTC

leptoniscool wrote: post #3

They found a higher bidder? Or did export restrictions from China hinder sale?

Oracle? :)

Re: Microsoft Statement on TikTok

#9

Post by [deleted] » Sun, Sep 13, 2020, 11:45 PM UTC

kmfrk wrote: post #5

leptoniscool wrote: post #3

They found a higher bidder? Or did export restrictions from China hinder sale?

ByteDance announced they weren't going to hand over the recommendation algo for TikTok which seems like a bit of a dealbreaker. ~~ https://twitter.com/verge/status/1305285085722292224~~ Right link: https://twitter.com/business/status/1305179144171421708

[deleted]

Re: Microsoft Statement on TikTok

#10

Post by yepthatsreality » Sun, Sep 13, 2020, 11:47 PM UTC

doctoboggan wrote: post #2

Strange, it seems like they are in a way accusing ByteDance of not selling to them because MS was going to make changes to meet their "highest standards for security, privacy, online safety, and combatting disinformation". Is it usual for a company to give out any statement when a potential acquisition does not happen?

It was a political statement by POTUS to block and then later allow extension period for the sale of ByteDance to Microsoft. This is a political statement back on the results of the agreements. It is responsible that Microsoft publically posted this official notice, in addition to however else you may find it.