BY A STAFF REPORTER: You have read and saw it first on ANM News. Microsoft has refused to take over ByteDance, mother company of Tik Tok, amid reports that President Donald Trump is banning the popular Chinese app. ANM News was the first to break on August 1, that Microsoft will not buy ByteDance shares after the World is closing in on China. TiK Tok in a statement has contested Trump’s claim about sharing of data with Chinese government and taken on the US President. With the US banning Tik Tok the Chinese company is staring at huge financial losses.