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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 ...
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 ...
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Walmart also joined a bid with Oracle to take over TikTok's U.S. operations in 2020, but ByteDance got an injunction halting Trump's planned ban and the deal dissolved.
While social media companies competing to win TikTok users could potentially gain, companies that support the Chinese app could suffer. Oracle, for example, provides cloud infrastructure for TikTok.
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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 ...
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 ...