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Reuters and others reported in January that Trump's administration was working on a plan for TikTok that would involve tapping Oracle ORCL.N and some existing ByteDance investors to take ...
Oracle (NYSE:ORCL) is already TikTok’s primary cloud provider, which could leave the algorithm under ByteDance (BDNCE) control but with Oracle a “linchpin” to secure U.S. consumer data.
Despite all the bids, the White House was only seriously considering an Oracle (ORCL)-led consortium, The Verge reported. "ByteDance has been in discussion with the U.S. Government regarding a ...
Amazon and AppLovin reportedly submitted bids to acquire TikTok, ahead of a U.S. ban set to go into effect Saturday if no deal is reached with the app's Chinese parent company.
TikTok’s parent company ByteDance is on the hook to sell the app’s US operations by April 5, after President Donald Trump extended the deadline in January, or face a ban in the United States.
Blackstone Group (BX) has also been approached as part of late-stage talks to split TikTok away from ByteDance (BDNCE) before the April 5 deadline, after which the platform would be banned from the ...