TikTok's parent company rejects Microsoft's offer to by US operations

TikTok parent company ByteDance has informed Microsoft it will not sell the Redmond-based company U.S. operations of TikTok. Microsoft on Sunday posted this statement: Microsoft's deal to acquire one of the world's most popular and fastest-growing social platform arose after President Donald Trump threatened to ban TikTok if its U.S. operations are not sold. He signed an order on Aug. 6 that China-based ByteDance must sell to a U.S. company over national security concerns. Later Walmart joined…