Not that it needed to be said, but still good to have some kind of unofficial confirmation. TikTok is not for sale
Microsoft held talks with TikTok about a deal in 2020, but they collapsed. Later Oracle and Walmart reached an agreement to buy its US operations but the deal was shelved after the Biden administration decided to review the transaction.
The Chinese government has made clear that it does not want ByteDance to divest TikTok, and most people close to ByteDance insist that the company will not sell even if Congress tries to force it.
But a revival of the Oracle deal might not be out of the question if Trump, who is close to its executive chairman Larry Ellison, returns to power.
One early investor, who maintains a significant stake in the company and knows Chew, says ByteDance “hasn’t communicated anything” about the state of play.
Well duh, it was ok until the Gaza thing happened“They are a deeply uncommunicative company. We are trying to find out what is happening,” says the person. “Shou is trying to find out also, he doesn’t know what the hell they are doing. Their belief was that it would never get to this point, that’s what TikTok’s stance was. When I last spoke to Shou, he said it would never get this bad.”
