They found a higher bidder? Or did export restrictions from China hinder sale?
Oracle? :)
https://www.wsj.com/articles/microsoft-drops-out-of-bidding-...
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They found a higher bidder? Or did export restrictions from China hinder sale?
Oracle? :)
https://www.wsj.com/articles/microsoft-drops-out-of-bidding-...
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?
They found a higher bidder? Or did export restrictions from China hinder sale?
Edit: "Oracle Wins Bidding for TikTok in U.S., After Microsoft Proposal Rejected" https://www.wsj.com/articles/microsoft-drops-out-of-bidding-...
So basically if you want to serve the USA market, you have to give up the shares of your company to ruling class of USA? This is eerily similar to how communist China operates.
Earlier quoted context omitted.
Oracle? :)
It does look like it. https://www.wsj.com/articles/microsoft-drops-out-of-bidding-...
They found a higher bidder? Or did export restrictions from China hinder sale?
It's looking like Oracle (of which Larry Ellison recently proclaimed his support of Trump) is now the front runner: https://twitter.com/jolingkent/status/1305290263632343040 Edit: "Oracle Wins Bidding for TikTok in U.S., After Microsoft Proposal Rejected" https://www.wsj.com/articles/microsoft-drops-out-of-bidding-...
Does anyone seriously believe TikTok is a threat to national security?
> combatting disinformation
There you have it. I've seen TikTok videos go viral being really critical of the US government including its foreign policy. The kind of video that would just be invisible or outright banned from Youtube or Facebook video. That's why they want to get rid of it.