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If the U.S. government bans TikTok, it could be a major blow to Oracle.
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 hosts TikTok’s U.S. user data on its servers, reviews the app’s source code and delivers the app to the app stores. Google declined to comment, while Oracle and Apple did not respond to ...
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 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 ...
As a separate entity TikTok, the popular short-form video app, would file for an initial public offering on a U.S. stock exchange within a year after majority control is transferred […]
Oracle (NYSE: ORCL) share prices have had a strong year on the back of renewed interest due to strength in its cloud infrastructure business. However, the stock was falling following its fiscal ...
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 ...