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If the U.S. government bans TikTok, it could be a major blow to Oracle.
WASHINGTON (Reuters) -The administration of U.S. President Donald Trump is working on a plan to save TikTok that involves tapping software company Oracle and a group of outside investors to ...
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 ...
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.
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.
Shares of Oracle (NYSE: ORCL) flew higher this week. The firm's stock gained 14% as of 4:20 p.m. ET, but was up as much as 17.4% earlier in the week. The surge comes as the S&P 500 (SNPINDEX ...
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 ...
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 ...