- Oracle on Monday confirmed it has struck a deal with ByteDance, the Chinese owner of popular video-sharing app TikTok, weeks after the Trump administration ordered a TikTok divestiture in the United States. The deal still needs U.S. government approval.Learn more:Oracle on Monday confirmed it has struck a deal with ByteDance, the Chinese owner of popular video-sharing app TikTok, weeks after the Trump administration ordered a TikTok divestiture in the United States. The deal still needs U.S. government approval.www.cnbc.com/2020/09/14/oracle-confirms-deal-wi…What Happened: The Beijing-based company is partnering with Oracle Corporation ORCL to form a new U.S.-based firm that would run TikTok's global operations, where it will continue to hold a majority stake.www.benzinga.com/government/20/09/17540503/c…
ByteDance director confident TikTok deal will get done, sees …
10 hours ago · A major shareholder of ByteDance, the Beijing-based owner of TikTok, said Wednesday he was confident that a deal will be reached to ensure the video-sharing app …
TikTok updates: ByteDance director says deal will get done to save …
11 hours ago · WASHINGTON – General Atlantic CEO Bill Ford said on Wednesday that a deal would get done to save TikTok in the U.S. after President Donald Trump signed an executive …
Supreme Court's TikTok Ruling: What It Means for Meta, Snap, …
Jan 12, 2025 · With the law requiring China-based ByteDance to sell TikTok’s U.S. operations or face a ban set to take effect on January 19, the potential ban has significant implications for …
U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its ...
5 days ago · The ban, which was signed into federal law last year and upheld by the Supreme Court on Friday, is a major blow to ByteDance, the world’s second-most valuable private …
TikTok Ban Under Trump? President-Elect Reconsiders As Pelosi …
Dec 23, 2024 · The report highlighted Trump’s order for ByteDance to sell TikTok’s U.S. arm. The company that would have benefitted from the move was Oracle Corp ORCL , which was co …
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TikTok Ban Would Hurt Oracle. Is It Time to Sell the …
Jun 27, 2024 · It was a big coup for Oracle (ORCL 7.17%) to become the cloud technology provider for ByteDance's TikTok back in late 2020. The social media app with ties to the Chinese government has become...
Q&A: What does a deal between TikTok and Oracle mean?
Sep 14, 2020 · HONG KONG (AP) — ByteDance, the Chinese company that owns the popular video-sharing app TikTok, has chosen Oracle over Microsoft as a new American technology …
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Oracle faces nine-month headwind from TikTok ban, …
Apr 22, 2024 · Oracle Corp (NYSE:ORCL, ETR:ORC), the tech giant, could suffer up to nine months of headwinds should TikTok be banned in the US, analysts believe. TikTok, which uses Oracle as its primary US cloud infrastructure …
As TikTok Ban Looms, ByteDance Battles Oracle For Control Of
Aug 24, 2023 · Under a draft agreement between ByteDance and CFIUS, Oracle would be TikTok’s partner — and a government proctor. But stuck in limbo, the companies’ relationship …
Chinese companies said to rent Nvidia GPUs from Oracle to …
ByteDance (BDNCE) has been renting Nvidia's (NASDAQ: NVDA) high-end graphics processing units from Oracle (NYSE: ORCL) in an effort to go past U.S. sanctions, the news outlet added, …
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