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If the U.S. government bans TikTok, it could be a major blow to Oracle.
A day after his inauguration at a press conference, President Donald Trump said he'd support Elon Musk or Oracle cofounder Larry Ellison in buying TikTok. "I would be, if he wanted to buy it, yes ...
Oracle and Walmart partnered to put together a competing TikTok bid in 2020, which fell apart after Trump’s order was beaten in court. After facing criticisms from the Trump administration and ...
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 ...
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.
NBC News previously reported that Oracle would have operational control over the app in the U.S. while ByteDance would retain majority ownership over TikTok. Walmart then joined Oracle in offering ...
Both companies dropped their efforts after TikTok agreed to work with Oracle on Project Texas, the initiative by TikTok to store US user data on Oracle-owned servers and that was intended 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 ...