In this 2020, also due to the health emergency due to the pandemic caused by the coronavirus , applications with a strong social component have risen to global prominence and among these the Chinese TikTok took the lion’s share , which achieved a success beyond all imagination thanks to the millions and millions of amateur videos made daily by its numerous users. Developed by ByteDance , the app has raised a media fuss especially in the United States due to its alleged violations of privacy and related sending of user data to Chinese servers. For this reason, US President Donald Trumphe has repeatedly feared the blocking of the social network from American soil and welcomed with serenity the news that he saw Microsoft intending to buy TikTok.

Yet, based on what has emerged in the very last few hours, the plan of the Redmond company seems to be destined to be wrecked precisely because of ByteDance. The company founded by Bill Gates has in fact posted a short press release on its official website announcing the end of negotiations with the Chinese company for the purchase of the social network. Below we propose the translation:

ByteDance let us know today that they would not sell TikTok’s US assets to Microsoft. We were confident that our proposal would be good for TikTok users while protecting national security interests. To do this, we would have made significant changes to ensure that the service met the highest standards of security, privacy, online security and the fight against disinformation, and we clarified all of these principles in our August statement. We can’t wait to see how the service evolves in these important areas.

According to the Wall Street Journal , the rejection of Microsoft’s acquisition offer would be the first step in a new agreement that will see ByteDance and Oracle collaborate with each other and where the latter will be named a “trusted tech partner” in the US, or technological partner of trust . In this way, the Chinese company is convinced that it can satisfy the Trump administration, which had ordered the transfer of the US assets of the social network to an American company by 20 September . The possible agreement with Oracle could comply with this constraint without however forcing ByteDance to divest its assets. At this point, we just have to wait for further developments on this particular story.