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When Mnuchin was Treasury secretary, 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 ...
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 ...
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 ...
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.
Original article: Enterprise provider Oracle is said to have won the bidding war for the U.S. operations of TikTok, a chase in which Microsoft was booted from earlier today. Oracle boots out ...
On Sunday, Oracle beat Microsoft Corp in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to navigate geopolitical tensions between ...
The law, which went into force Sunday, allows for fines of up to $5,000 per U.S. TikTok user against major mobile app stores — like the ones operated by Apple and Google — and internet hosting services like Oracle if they continued to distribute TikTok to U.S. users beyond the deadline for ByteDance's divestment.