Last year, ByteDance was ordered by then-US President Donald Trump to separate TikTok from its Chinese operations, or else face a country-wide ban. Following a national security review by the US Committee on Foreign Investments, the company was forced to find a buyer for the popular app on American soil that would act as a trusted overseer for the company’s business infrastructure in the US.
One of the potential buyers was Microsoft, which was supposed to acquire the company’s operations in the US, Canada, Australia, and New Zealand. However, Oracle and Walmart also expressed their interest in buying TikTok, and Trump was initially in favor of such a deal, at least in principle. Discussions ultimately fell apart after several months of back and forth, and the app is currently working without issue in the US.