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If the U.S. government bans TikTok, it could be a major blow to Oracle.
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 ...
Oracle, a traditional business-to-business software company previously tried to buy TikTok in 2020. The deal would have helped Oracle break into the market for cloud services dominated by Amazon ...
While firms like Apple are taking a more cautious approach -- the iPhone maker is still blocking the download of TikTok in its app store -- Oracle has taken Trump at his word, and millions of U.S ...
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.
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 ...
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 ...
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 ...