January 22, 2020
The interior of TikTok's office in Culver City.
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TikTok’s parent company, Beijing-based ByteDance Ltd., has rejected the acquisition proposal from Microsoft Corp. and reportedly accepted a bid from Oracle Corp.
Already facing limited options amid pressure from the White House, any deal for the U.S. operations of TikTok may now encounter opposition from the Chinese government.
Video sharing platforms that offer variations on TikTok’s core features saw a surge in downloads at the beginning of August after President Donald Trump said on July 31 that he wanted to ban TikTok from operating in the United States.
Social media company TikTok has opened an office in Silicon Beach.