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Kelly O'Grady, dot.LA Chief Correspondent and Former Disney Senior Analyst joins Yahoo Finance’s Zack Guzman to break down the latest on Oracle's deal with TikTok over its U.S. business operations.
A deal that would give Oracle and Walmart ownership stakes in TikTok is up in the air — and may not happen at all, as the Biden administration reviews Trump’s actions and policies against ...
Exactly what Oracle would get out of the deal is unclear — especially after Trump announced on Sept. 18 that TikTok will be banned from app stores beginning on Sept. 20 — but perhaps the ...
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On September 13, TikTok announced that it would attempt to make a deal to sell the company to American tech company Oracle, removing speculation that the company could be bought by Microsoft. [13] [14] The Department of Commerce banned new downloads of TikTok on September 18, removing it from application stores a few days after. [15]
Oracle (ORCL) and Walmart have issued a joint statement confirming their plans to snap up a minority stake in TikTok's U.S. business. Oracle will acquire a 12.5% stake in TikTok Global, while ...
The deal won’t be an outright sale; instead database software giant Oracle will be TikTok’s “trusted tech partner” in the U.S., The Wall Street Journal reported.
TikTok's fate, Trump's approval, and the terms of the Oracle deal all remain up in the air.