What a whirlwind one Monday morning. Shortly after it became known that Microsoft was unaware of its bid for TikTok’s US operations and rumors circulated that Oracle was the winner, Chinese state broadcaster CGTN reported that ByteDance was citing TikTok’s US operations on sources not going to sell to Microsoft or Oracle.
ByteDance, the world’s most valuable startup, credited with a landmark recommendation for algorithmic content, will not give its source code to any US buyer, sources told CGTN. A source previously told the South China Morning Post that the tech upstart had decided not to sell or broadcast the source code behind its popular video app.
ByteDance said it would not comment on market rumors.
Beijing allegedly wasn̵
This is an updated story.