ByteDance won't sell TikTok U.S. operations to Oracle or Microsoft: CGTN

FILE PHOTO: Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - ByteDance will not sell TikTok’s U.S. operations to Oracle Corp or Microsoft Corp and will not give the source code for the video platform to any U.S. buyers, China’s state-run English television channel CGTN reported on Monday, citing sources.
People familiar with the matter told Reuters that ByteDance abandoned the sale of TikTok in the United States and decided to pursue a partnership with Oracle in hopes of avoiding a U.S. ban while appeasing the Chinese government.ByteDance declined to comment on CGTN’s report.
Reporting by Se Young Lee; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

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