Oracle and Walmart to jointly own TikTok Global after Trump’s approval

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The President of the United States, Donald Trump, said in a statement over the weekend that the proposed deal that would enable TikTok to avoid a ban in the U.S. was agreeable for the government. Originally, the President had ordered ByteDance (owner of TikTok based in China) to divest the video-sharing social network. As per the new deal, TikTok Global will be a United States-based entity. Oracle Corporation (NYSE: ORCL) will own 12.5% of the new company. Oracle published its earnings report for the fiscal first quarter earlier in September that topped analysts’ estimates for earnings and revenue. Oracle opened

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