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Well in this case, ByteDance was the one that rejected the Microsoft/Walmart deal. Not the US President.

'ByteDance let us know today they would not be selling TikTok’s US operations to Microsoft.' [0]

[0] https://blogs.microsoft.com/blog/2020/09/13/microsoft-statem...

Well that doesn’t mean much, the White House could have signaled to ByteDance on the DL that they’d torpedo any non-Oracle deal... who knows, banning a single company from operating domestically without any immediate proven national security threat is unprecedented, the president just does whatever he feels like.

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