The TikTok acquisition saga is one of the most exhausting and confusing tales in tech business right now. A month ago, Microsoft was favorite to gobble up the short video app. Earlier this week, after ByteDance rejected the Seattle-based company’s bid, Oracle was leading the pack to go ahead with the deal. However, a report from the Financial Times suggests that Oracle might end up owning just a minority state in the company. This is what the company meant when it said that it’ll be a “trusted technology partner” in TikTok’s US operations. More importantly, the FT report notes that…
This story continues at The Next Web
ByteDance might still own TikTok US after Oracle investment — so what’s the point?
The Next Web
0 shares
1 views
You might like
Related news coverage
China Wins This TikTok Round – Analysis
Eurasia Review
With Oracle, Walmart and U.S. venture capitalists now holding the majority of TikTok Global’s shareholding, China’s closed..
-
TikTok owner chooses Oracle over Microsoft as preferred suitor
SFGate
-
US stocks close higher a day after nasty sell-off, snapping 4-day losing streak
Proactive Investors
-
Dow turns negative as traders turn to Fed testimony, tech stocks buoy Nasdaq
Proactive Investors
-
US stocks start on front foot as attention turns to Fed chief
Proactive Investors
Advertisement
More coverage
U.S. Government Now Warns TikTok Could Be Banned Next Sunday
Softpedia
TikTok is getting one extra week to resolve its problems in the United States, according to an announcement published by the U.S...
-
Wall Street surges as Nasdaq rebounds from its worst week since March
Proactive Investors
-
Wall Street surges as FTSE closes lower amid a strong pound
Proactive Investors