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Oracle Corp. is the apparent winner in the TikTok bidding war, after Microsoft announced that its offer to acquire the popular video-sharing app had been rejected. There’s just one week till the ...
The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its ...
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TikTok did not respond to multiple requests for comment. As with any major corporate asset rumored to be on the market, there is more than one bidder eyeing the chance to snap it up at a bargain ...
Oracle has held preliminary talks with TikTok’s Chinese parent company ByteDance to buy the US operations of the video-sharing app, while discussions with Microsoft are ongoing.Oracle (ORCL) is ...
Under the threat of TikTok’s shutdown in the U.S., ByteDance inked a tentative deal with Oracle and Walmart, which under the proposed terms would acquire a combined 20% stake in TikTok.
The Supreme Court’s decision to uphold the looming TikTok ban may have corporate consequences far beyond the app's parent company, impacting American tech giants and the broader U.S. stock market.
If the U.S. government bans TikTok, it could be a major blow to Oracle.