Oracle did not respond to a request for comment. A TikTok spokesperson said the company would not comment on rumors or speculation.
ByteDance largely agreed to those revisions, one person familiar with the situation said. The deal would also give Oracle a minority stake in the company. It’s not clear whether such an arrangement will appease U.S. security concerns, but it falls well short of Trump's original demand for an outright sale of TikTok's U.S. assets to an U.S. company.
Oracle would be entitled to review the source code to ensure there is no backdoor for the Chinese government or nonapproved employees to access user data, and could monitor data flows.and others have expressed concern about such a deal.
HawleyMO Will you still be investigating Tik Tok when Oracle takes over? (Ellison is a realDonaldTrump super fund raiser). VoteBlueToSaveAmerica VoteBidenHarrisToSaveAmerica VoteBidenHarris2020 America deserves so much better than Donald Trump
Oracle is in the pocket for 🍊 , so of course he’s gonna sign off. I hope the masses leave tiktok_us and someone creates another platform not under the thumb of trump
Conservatism is about makework programs for very large corporations.
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US President Trump: Oracle 'very close' to TikTok dealIf the transaction happens, Oracle would become ByteDance's technology partner responsible for the management of TikTok's data and take a minority stake in TikTok, according to sources.
Source: trtworld - 🏆 101. / 63 Read more »
TikTok-Oracle deal close to national security approvalA bid by Oracle to keep TikTok operating in the U.S. by becoming its technology partner doesn't include the payment to the U.S. Treasury demanded by President Trump, but a promise to create 20,000 jobs could satisfy the administration's demands. Either this was worded extremely clickbaity or I completely missed it, but I did not see anything about approval. That’s the same story that’s been out for a few hours now. Is Oracle truly going ahead with this? With no source code? TrumpPayForPlay DOJPayForPlay
Source: latimes - 🏆 11. / 82 Read more »
What Oracle and TikTok stand to gain from a partnership - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I still hope Tiktok is banned not sold. Do you remember when China stole Alipay from Yahoo? That is ANT FINANCIAL Yahoo owned 40% of it now worth $80 billion of the $200 billion marketcap. China stole from us. Yahoo didnt get a dime from Alipay I believe the correct position is to be against Facebook's buying Instagram on antitrust -AND- to be against Tiktok operating in USA when China blocks all our our apps. BAN IT TIM WU.... Inventor of the concept 'Net Neutrality' A TikTok Ban Is Overdue Critics say we shouldn’t abandon the ideal of an open internet. But there is such a thing as being a sucker.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump says Oracle close to TikTok deal as ByteDance aims for majority ownershipPresident Donald Trump said on Tuesday he had heard Oracle Corp was very close to a deal over ByteDance's TikTok, even as sources said the Chinese company was seeking to keep majority ownership of the popular short video app. How can he force a company to sell to an American company? This is illegal. The tiktok take down. So much for freedom of speech. realDonaldTrump You are nasty Mr Trumpy
Source: Reuters - 🏆 2. / 97 Read more »
Trump says Oracle close to TikTok deal as ByteDance aims for majority ownershipPresident Donald Trump said on Tuesday he had heard Oracle Corp was very close to a deal over ByteDance's TikTok, even as sources said the Chinese company was seeking to keep majority ownership of the popular short video app. they can invade your privacy & steal data, but it's only acceptable if they're multinational companies that were initially launched in your country. Politicians won't regulate it, they'll just make it look better Oracle you want majority of ownership 70% Trumps never got it wrong has he 😂
Source: Reuters - 🏆 2. / 97 Read more »
Republican Senators Write To Trump Opposing TikTok-Oracle DealThe senators oppose any deal that would allow TikTok’s Chinese parent ByteDance to retain control. Republican are against everything 🤧 Such brave people. The Republican TikTok Challenge is just a herd of sheep shitting on the Constitution. (Vote them all out.) Ouch?
Source: Forbes - 🏆 394. / 53 Read more »