Oracle in the lead to assist TikTok operations under new deal - The Information
Oracle (NYSE: ORCL) has surfaced as a prominent candidate to assist in running TikTok as part of a deal being arranged by President Donald Trump. This arrangement aims to comply with last year’s law requiring divestment or banning,
Oracle (ORCL) Is the Top Candidate to Help Run TikTok in the U.S.
Tech giant Oracle (ORCL) has emerged as a top candidate to help run TikTok as part of a deal being put together by President Trump in order to
Oracle is reportedly a top choice for helping run TikTok
TikTok has until April to finalize a sale to a U.S.-based buyer, yet uncertainties about the future of the short-form video app remain. However, a new Oracle is reportedly the leading candidate to serve as the cloud technology partner for managing TikTok in the U.
Oracle leads the race for TikTok in the US, report claims
Oracle is emerging as the frontrunner to take control of TikTok’s US operations. This is according to a new report from The Information (paywalled). The Oracle TikTok lead is significant, given the platform’s enormous influence and the political scrutiny surrounding its operations in the US.
Oracle ‘leading contender’ to help run TikTok in new deal, The Information says
Oracle (ORCL) has emerged as “a leading contender” to help run TikTok as part of a deal President Donald Trump is orchestrating to satisfy last
Trump says U.S. in talks with four different groups on TikTok sale
US President Donald Trump said that his administration is in discussions with four different groups regarding the potential sale of TikTok, owned by Chinese tech company ByteDance (BDNCE). "We're ...
TweakTown12d
ByteDance's custom chip made by Broadcom has been canceled, Broadcom to lose $2B to $3B
TL;DR: Broadcom's ByteDance AI accelerator project was canceled amid tightened US semiconductor restrictions on China. Broadcom has reportedly seen its huge ByteDance project canceled, after the ...
ABC 7 Chicago11d
TikTok LIVE sales garnered nearly $2B in just 1 quarter of 2023, new lawsuit shows
The lawsuit against the ByteDance-owned social media giant reveals it made nearly $2 billion globally in sales from TikTok LIVE during just one quarter of 2023. And Bloomberg reports more than $ ...
Yahoo Finance10d
ByteDance to Buy Back US Staff Shares at $312 Billion Valuation
(Bloomberg) -- ByteDance Ltd. plans to buy back employee stock at a valuation of about $312 billion, a significant markup from previous levels that reflects a brightening outlook for Chinese tech ...
TechCrunch11d
What to know about TikTok’s uncertain future in the US and the people who want to buy it
TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data potentially being accessed by the Chinese ...