Microsoft wanted full control to ensure that TikTok met its standards for privacy, security, and online safety, in addition to addressing concerns related to ByteDance’s ties to the Chinese government.

That type of arms-length arrangement made Microsoft uneasy on a variety of fronts, a person familiar with the discussions told GeekWire. EARLIER: Microsoft’s bid for TikTok rejected by ByteDance as reports name Oracle the winner of modified deal operations due to national security concerns, has instead submitted a proposal that makes rival bidder Oracle a “trusted technology partner,” reportedly seeking to avoid the outright sale of TikTok in the country. The Chinese company, under pressure from the Trump administration to divest TikTok’s U.S. That’s one of the details that emerged overnight after Microsoft said Sunday afternoon that TikTok’s parent, Beijing-based ByteDance, declined the offer from Microsoft and Walmart to acquire TikTok for a reported $20 billion to $30 billion. operations, data, source code and algorithms, declining to settle for a lesser deal that didn’t put those key assets in its hands. Microsoft’s bid for TikTok fell through after the tech giant insisted on acquiring full control of the social video app’s U.S. Oracle co-founder and CTO Larry Ellison, left, is looking to make the company a “trusted technology partner” to TikTok after ByteDance turned down an acquisition bid from Walmart and Microsoft, led by Satya Nadella, right.

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