Microsoft says its TikTok buyout offer rejected
US tech giant Microsoft said Sunday its offer to buy TikTok was rejected, as a deadline looms for the Chinese-owned video app to sell or shut down its US operations.
TikTok has been at the center of a diplomatic storm between Washington and Beijing, and President Donald Trump gave Americans a deadline to stop doing business with TikTok’s Chinese parent company ByteDance — effectively compelling a sale of the app to a US company.
Trump claims that TikTok could be used by China to track the locations of federal employees, build dossiers on people for blackmail and conduct corporate espionage.