Advertisement
Canada markets closed
  • S&P/TSX

    22,465.37
    +165.54 (+0.74%)
     
  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     
  • DOW

    40,003.59
    +134.21 (+0.34%)
     
  • CAD/USD

    0.7348
    +0.0002 (+0.03%)
     
  • CRUDE OIL

    80.00
    +0.77 (+0.97%)
     
  • Bitcoin CAD

    91,163.55
    +2,310.12 (+2.60%)
     
  • CMC Crypto 200

    1,369.64
    -4.20 (-0.31%)
     
  • GOLD FUTURES

    2,419.80
    +34.30 (+1.44%)
     
  • RUSSELL 2000

    2,095.72
    -0.53 (-0.03%)
     
  • 10-Yr Bond

    4.4200
    +0.0430 (+0.98%)
     
  • NASDAQ

    16,685.97
    -12.35 (-0.07%)
     
  • VOLATILITY

    11.99
    -0.43 (-3.46%)
     
  • FTSE

    8,420.26
    -18.39 (-0.22%)
     
  • NIKKEI 225

    38,787.38
    -132.88 (-0.34%)
     
  • CAD/EUR

    0.6755
    -0.0001 (-0.01%)
     

Microsoft says Bytedance won't sell TikTok's U.S. operations to it

FILE PHOTO: Illustration picture of Tiktok with U.S. and Chinese flags

(Reuters) - Microsoft said on Sunday it was informed by Bytedance that it would not be selling TikTok's U.S. operations to Microsoft.

"We are confident our proposal would have been good for TikTok’s users, while protecting national security interests," Microsoft said in a statement.

(Reporting by Ann Maria Shibu in Bengaluru; Editing by Muralikumar Anantharaman)