In August 2020, following Donald Trump’s decree, American companies were sought to buy TikTok operations in the United States.
for the CEO of Microsofthandjob Satya Nadellaunsuccessful attempt to buy TIC Toc, hosted by former US President Donald Trump In the second half of last year, it was the “weirdest thing” he had seen in his career. Nadella was attending the Code Conference, technology event in Beverly Hills, United States on Monday, 27.
Nadella admitted that the talks for TikTok were not with Microsoft, but with the application itself. At the time, TikTok was harassed by Trump, who ordered the application’s controller ByteDance to sell its assets in the United States to an American company. Had it not happened, there would have been a danger of getting banned from TikTok in September 2020. Talks began in August, but the following month, Microsoft withdrew from the operation.
As reported on the site, the Microsoft president said, “TikTok was caught in a series of problems and wanted to be a partner.” ledge and CNBC News Channel. According to Nadella, ByteDance was initially looking for a US-based cloud service provider that would guarantee data security and placate the president, who accused the company of selling TikTok US user information to the Chinese government.
As for Nadella, Trump soon lost interest in the deal, although he did not know the exact reason. “I think President Trump had a personal view of what he was trying to do and just gave up,” he said. The CEO of Microsoft even said that if given a chance again, he will not buy Tiktok.
In place of Microsoft, Oracle was chosen for the transaction. The company will acquire 12.5% of TikTok Global, a company based in the United States. Retailer Walmart will also be involved in the talks, with a smaller share. The deal was stalled during the presidential election and cooled after the election of Joe Biden, which overturned Trump’s decisions regarding ByteDance and suspended the partnership.