Close Menu
Chronicle.ng
    Trending Stories
    NNPCL hikes petrol price to N945 in Abuja, N915 in Lagos

    Petrol pricing summit holds 23, 24 July – FG

    July 4, 2025
    One killed, another arrested in Abia cult clash

    Cultists kill 12-year-old boy during clash in Lagos

    July 4, 2025
    Jamie Gittens joined Borussia Dortmund from Manchester City

    Chelsea agree to sign Jamie Gittens for £55m

    July 3, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Petrol pricing summit holds 23, 24 July – FG
    • Cultists kill 12-year-old boy during clash in Lagos
    • Chelsea agree to sign Jamie Gittens for £55m
    • Super Eagles legend Peter Rufai is dead
    • 2027: Only a mass movement can stop Tinubu – Amaechi 
    • Liverpool express sadness over Diogo Jota, brother’s deaths
    • Lakurawa terrorists kill 15 in Sokoto village
    • AMCON sells Ibadan Electricity DisCo for N100bn
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Friday, July 4
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    TikTok rejects Microsoft bid at 11th hour

    Chronicle EditorBy Chronicle EditorSeptember 14, 20201 Comment2 Mins Read
    Facebook Twitter Telegram WhatsApp
    EU slaps TikTok with record $600m fine over data transfers to China
    Tiktok
    Facebook Twitter WhatsApp

    Microsoft has said that its offer to buy the US operations of hugely popular video-sharing app TikTok has been rejected, paving the way for Oracle to make a last-minute bid.

    US President Donald Trump gave a 15 September deadline for the Chinese-owned app to sell or shut down.

    The Trump administration claims TikTok and other Chinese apps are national security threats.

    Microsoft and Oracle led the race to buy the social media platform from Chinese firm ByteDance.

    The Wall Street Journal and Reuters reported that Oracle, which sells database technology and cloud systems to businesses, had won the bidding war, citing people familiar with the matter.

    Earlier reports had said Oracle was seriously considering buying TikTok’s businesses in the US, Canada, Australia and New Zealand with investment firms, including General Atlantic and Sequoia Capital.

    A spokesperson told the BBC the firm was “not commenting on either the Microsoft development nor the Oracle speculation”.

    What did Microsoft say?

    On Sunday Microsoft announced that “ByteDance let us know today they would not be selling it’s US operations to Microsoft. We are confident our proposal would have been good for TikTok’s users, while protecting national security interests.”

    • TikTok boss quits as Trump’s ban looms

    “We look forward to seeing how the service evolves in these important areas,” its statement added.

    This paves the way for Oracle, who Mr Trump said would be “a great company” to take over TikTok’s US operations last month.

    Oracle’s chairman Larry Ellison is a supporter of Mr Trump and held a fundraising event for him in February.

    Earlier this month Mr Trump said the government should get a “substantial portion” of the sale price of TikTok’s US unit if an American firm buys it.

    However, there is some confusion over the deadline. Mr Trump’s executive order gave a deadline of 20 September. But the US President has repeatedly said the deadline is 15 September.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    NNPCL hikes petrol price to N945 in Abuja, N915 in Lagos

    Petrol pricing summit holds 23, 24 July – FG

    One killed, another arrested in Abia cult clash

    Cultists kill 12-year-old boy during clash in Lagos

    President Tinubu congratulates Rotimi Amaechi on 60th birthday

    2027: Only a mass movement can stop Tinubu – Amaechi 

    Lakurawa terrorists kill 15 in Sokoto village

    Lakurawa terrorists kill 15 in Sokoto village

    AMCON sells Ibadan Electricity DisCo for N100bn

    AMCON sells Ibadan Electricity DisCo for N100bn

    Chicago nightclub shooting leaves four killed, 14 injured

    Chicago nightclub shooting leaves four killed, 14 injured

    View 1 Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    NNPCL hikes petrol price to N945 in Abuja, N915 in Lagos

    Petrol pricing summit holds 23, 24 July – FG

    July 4, 2025
    One killed, another arrested in Abia cult clash

    Cultists kill 12-year-old boy during clash in Lagos

    July 4, 2025
    Jamie Gittens joined Borussia Dortmund from Manchester City

    Chelsea agree to sign Jamie Gittens for £55m

    July 3, 2025
    Super Eagles legend Peter Rufai is dead

    Super Eagles legend Peter Rufai is dead

    July 3, 2025
    President Tinubu congratulates Rotimi Amaechi on 60th birthday

    2027: Only a mass movement can stop Tinubu – Amaechi 

    July 3, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.