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