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How much is TikTok worth? ... he helped the Trump administration broker a deal in 2020 that would have had U.S. corporations Oracle and Walmart take a large stake in TikTok on national security ...
Trump has indicated that a deal will get done to bring TikTok into American hands within the next 30 days, with rumors circulating about Oracle. When asked if a deal was in place with Oracle ...
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 ...
Wedbush analyst Dan Ives estimates TikTok is worth “well north of $100 billion” with the algorithm — and potentially up to $200 billion in a “best case scenario.” “Without the algorithm it’s $40 billion to $50 billion,” Ives said, adding he does not believe that ByteDance and Beijing would sell TikTok with the algorithm.
If the U.S. government bans TikTok, it could be a major blow to Oracle.
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 ...
A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon. General Atlantic CEO Bill Ford, a ByteDance board member ...
Walmart Inc's (NYSE: WMT) proposed investment for a 7.5% stake in TikTok is still awaiting approval from the U.S. and China. Oracle Corpoation (NYSE: ORCL) is expected to acquire a 12.5% stake in ...