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Trump approves TikTok deal with Oracle and Walmart 'in concept'

On Sep 20, 2020
@engadget shared
Trump approves TikTok deal with Oracle and Walmart 'in concept' https://t.co/MBRgxpOQmQ https://t.co/A3r4cDxRz4
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Trump has tentatively approved a deal that would see Oracle and Walmart claim stakes in TikTok as it forms a new company to avoid a US ban.

www.engadget.com
On Sep 20, 2020
@engadget shared
Trump approves TikTok deal with Oracle and Walmart 'in concept' https://t.co/MBRgxpOQmQ https://t.co/A3r4cDxRz4
Open

Trump approves TikTok deal with Oracle and Walmart 'in concept'

Trump approves TikTok deal with Oracle and Walmart 'in concept'

Trump has tentatively approved a deal that would see Oracle and Walmart claim stakes in TikTok as it forms a new company to avoid a US ban.

Trump approves Oracle's proposed deal with TikTok

Trump approves Oracle's proposed deal with TikTok

Oracle's CEO pledged to "ensure data privacy to TikTok’s American users, and users throughout the world."

Details Emerge Over TikTok Sale, As Oracle Competes With Microsoft, Walmart Joint Bid

Details Emerge Over TikTok Sale, As Oracle Competes With Microsoft, Walmart Joint Bid

Earlier this month President Trump had signed an executive order asking TikTok to divest its U.S. operations in 90 days.

TikTok deal to sell U.S. business could be announced as soon as Tuesday

TikTok deal to sell U.S. business could be announced as soon as Tuesday

Microsoft, in partnership with Walmart, and Oracle are the top contenders to win the deal.

Trump Approves Deal Between Oracle and TikTok

Trump Approves Deal Between Oracle and TikTok

The approval delays President Trump’s threat to block a popular Chinese-owned social media app from the United States until it receives investment from American partners.

WATCH: Trump Holds News Conference on TikTok Deal for Oracle

WATCH: Trump Holds News Conference on TikTok Deal for Oracle

The Commerce Department announced Friday morning that it would ban U.S. business transactions with Chinese-owned social apps WeChat and TikTok on Sunday. The announcement comes ahead of an ...

ByteDance gets Trump nod to avoid TikTok shutdown

ByteDance gets Trump nod to avoid TikTok shutdown

U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his ...

Oracle, Walmart Aim for Big Stakes in TikTok

Oracle, Walmart Aim for Big Stakes in TikTok

Backers of plans for Oracle to join with TikTok to create a new U.S. company for the video-sharing app are working on a new ownership structure aimed at alleviating U.S. concerns over ...

Trump eyes a TikTok ban: Everything you need to know

Trump eyes a TikTok ban: Everything you need to know

Even Amazon is concerned about possible "security risks" with the app.

Walmart joins Microsoft bid for TikTok takeover in US

Walmart joins Microsoft bid for TikTok takeover in US

Retailer hopes deal could help target younger consumers and boost its nascent ad business

China announces new export rules that could prevent sale of TikTok

China announces new export rules that could prevent sale of TikTok

Microsoft, Walmart, and Oracle are all vying to buy TikTok's US operations.

TikTok Ramps Up Defense Against US Accusations

TikTok Ramps Up Defense Against US Accusations

TikTok has stepped up its defense against US accusations that the popular video app is a national security threat, denouncing what it called "rumors and misinformation" about its links to ...

Fintech deals in Indian startups surpass China despite a lending slowdown

Fintech deals in Indian startups surpass China despite a lending slowdown

China saw deals drop to five-quarter low of 15 deals, down 81% from Q2 of calendar year 2018.However, broader deal-making across the globe has been relatively flat this year