[ad_1] As TechCrunch points out, public reports by ByteDance and Oracle have differed on the terms of the proposed deal, and the president has made public statements that he would not approve any deal where the Chinese company retained partial ownership of the app. ByteDance has applied for an export license in China to facilitate […]
Category: oracle
Trump approves TikTok deal with Oracle and Walmart ‘in concept’
[ad_1] The new company will also be required to have an IPO on a US stock exchange, and American ownership is expected to “grow over time.” The Commerce Department simultaneously created a window for the potential deal by delaying the ban on TikTok’s app by a week, until the end of September 27th. TikTok had […]
Chinese government reportedly would rather TikTok shut down than be sold
[ad_1] It also comes just days ahead of Donald Trump’s Sept. 15 deadline for TikTok to find a new home with an American company. Experts have said it’s unlikely a deal could materialize that quickly, but Trump said Thursday he would not extend the deadline. Further complicating things are new trade rules in China, which […]
FT: Oracle joins Microsoft as a possible bidder for TikTok
[ad_1] For a couple of weeks, Microsoft had been the only name publicly attached as a potential buyer for TikTok, and it has about a month left before the announced September 15th deadline to make a deal. Since then, Twitter was reported as a company in “preliminary talks” to acquire the video sharing app, and […]
Google’s fight with Oracle will be heard in the Supreme Court
[ad_1] This isn’t the first time the Supreme Court has dealt with the issue. In 2015, the court refused to hear an appeal over the 2014 decision and sent the issue back to a lower court. In statements to the Supreme Court, Oracle claimed that Google’s use of Java snippets was the “epitome of copyright […]
Pentagon puts $10 billion contract on hold after Trump criticizes Amazon
[ad_1] The Pentagon wants a single supplier for its JEDI cloud computing system that will house critical personnel and intelligence data, while allowing it to better compete with China in the field of AI. Four parties were selected in the bidding, including IBM and Oracle, but the Pentagon has whittled it down to just two […]