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		</div><p>The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal.</p>
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<p>Microsoft announced on Sunday that its bid to buy TikTok had been rejected, removing a leading prospective buyer for the Chinese-owned app a week before President Donald Trump promises to follow through with a plan to ban it in the US.</p>
<p>Microsoft said in a statement TikTok’s parent company Bytedance “let us know today they would not be selling TikTok’s US operations to Microsoft”.<br />
The Trump administration has threatened to ban TikTok by mid-September and ordered ByteDance to sell its US business, claiming national-security risks due to its Chinese ownership.</p>
<figure id="attachment_161979" aria-describedby="caption-attachment-161979" style="width: 600px" class="wp-caption aligncenter"><img src="https://londonglossy.com/wp-content/uploads/2020/09/075CAA9B-F5C4-46E6-8046-573A07BADB01.jpeg" alt="" width="600" height="400" class="size-full wp-image-161979" /><figcaption id="caption-attachment-161979" class="wp-caption-text">President Donald Trump says TikTok is a threat to US national security</figcaption></figure>
<p>The government worries about user data being funnelled to Chinese authorities. TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.<br />
Walmart had planned to partner with Microsoft on the deal. It is not clear if Walmart is still interested. Oracle has declined to comment.</p>
<p>TikTok also declined to comment on Sunday.</p>
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<p>Microsoft said it was “confident our proposal would have been good for TikTok’s users, while protecting national security interests”.<br />
The company said it “would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combating disinformation”.</p>
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