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ByteDance walking away from Oracle-TikTok deal, SCMP reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 16th, 2021

ByteDance is walking away from its TikTok deal with Oracle now that Trump isn"t in office, report says

Last week the Biden administration put the brakes on efforts to ban the app in the US, a policy that had been championed by Trump officials. A source said ByteDance no longer needs its deal with Oracle because Trump wasn't reelected......»»

Category: worldSource: nytFeb 15th, 2021

TikTok sale to Oracle, Walmart is shelved as Biden reviews security

The TikTok deal—which had been driven by then-President Donald Trump—has languished since last fall in the midst of successful legal challenges to the U.S. government’s effort by TikTok’s owner, China’s ByteDance Ltd......»»

Category: topSource: foxnewsFeb 10th, 2021

A former TikTok employee says he had a boss he never met, which concealed the platform"s close ties to China

A former TikTok employee told Fortune he was managed by a ByteDance executive in Beijing and never met his American manager. TikTok is owned by ByteDance. ReutersAn ex-TikTo.....»»

Category: topSource: businessinsiderApr 16th, 2024

TikTok-owner ByteDance is reportedly mulling a sale of the hit app as US lawmakers raise national security concerns

China Stringer Network/Reuters TikTok-parent ByteDance is mulling options to addres.....»»

Category: topSource: businessinsiderDec 24th, 2019

TikTok Owner Partners With State Media Firm To Offer Blockchain, AI Services In China

A subsidiary of Beijing-based internet company ByteDance has formed a joint venture with state-run media firm Shanghai Dongfang Newspaper Co Ltd, according to Reuters. 0 read more.....»»

Category: blogSource: benzingaDec 16th, 2019

U.S. opens national security investigation into TikTok -sources

The U.S. government has launched a national security review of TikTok owner Beijing ByteDance Technology Co's $1 billion acquisition of U.S. social media app Musical.ly, according to two people familiar with the matter. Freddie Joyner has more......»»

Category: videoSource: reutersNov 1st, 2019

US opens national security investigation into TikTok, sources say

The U.S. government has launched a national security review of TikTok owner Beijing ByteDance Technology Co's $1 billion acquisition of U.S. social media app Musical.ly, according to two people familiar with the matter......»»

Category: topSource: moneycentralNov 1st, 2019

Beijing Reportedly Offers To Scrap Joint-Venture Requirement To Secure "Skinny Deal"

Beijing Reportedly Offers To Scrap Joint-Venture Requirement To Secure 'Skinny.....»»

Category: blogSource: zerohedgeOct 11th, 2019

Google may buy Redwood City-based TikTok rival

Google is reportedly considering the acquisition of a Redwood City startup to help deal with competition from video-sharing app TikTok. The Wall Street Journal cited unnamed sources who said that the Alphabet Inc. unit has held talks with Redwood Ci.....»»

Category: topSource: bizjournalsOct 4th, 2019

TikTok parent ByteDance is reportedly making a smartphone

The phone will come preloaded with ByteDance apps.....»»

Category: topSource: moneycentralMay 28th, 2019

Exclusive: China"s Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs

India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters......»»

Category: topSource: reutersApr 23rd, 2019

TikTok"s time in the US could soon be on the clock, and that"s not the app"s only problem

ByteDance will undoubtedly put up a legal fight over the law, and will also .....»»

Category: smallbizSource: nytApr 23rd, 2024

Apple Planning Soccer Broadcasting Foray With FIFA After Major League Rights Success: Report

Apple is reportedly close to finalizing a historic deal with FIFA for global television rights to a new World Cup-style soccer tournament, expanding Apple's footprint in sports broadcasting. read more.....»»

Category: blogSource: benzingaApr 23rd, 2024

Here"s who could buy TikTok if parent company ByteDance has to sell its stake

TikTok could avoid being banned in the US if it can find a buyer. Here's a list of people and companies that could be likely buyers for the platform. With over a billion users worldwide, TikTok is.....»»

Category: personnelSource: nytApr 22nd, 2024

TikTok To Remove Executive Responsible For Allaying US National Security Concerns Amid Rising Regulatory Heat

TikTok reportedly plans to remove its .....»»

Category: blogSource: benzingaApr 22nd, 2024

House votes to ban TikTok in US unless Chinese owner ByteDance sells to American company

Lawmakers, citing security concerns, voted to ban TikTok in the United States unless Chinese owner ByteDance sells to an American company. TikTok is facing a US ban.ANTONIN UTZ/GettyThe H.....»»

Category: personnelSource: nytApr 20th, 2024

Microsoft co-founder Bill Gates reportedly sells home in Washington in fast deal

Tech billionaire Bill Gates now has one fewer home. He reached a deal earlier this month to sell a 2,430-square foot house he owned in Washington, according to Realtor.com......»»

Category: realestateSource: foxnewsApr 20th, 2024

China just proved why Congress wants to ban TikTok

The Chinese Embassy reportedly lobbied against the bill, likely cementing Congress' opposition to it. TikTok on App Store displayed on a .....»»

Category: topSource: businessinsiderApr 17th, 2024

CarMax Reacts Swiftly After Earnings Miss With $1.25B Bond Sale: Report

CarMax reportedly reacts swiftly to earnings miss with a $1.25B bond sale, aiming to address investor concerns. Mitsubishi UFJ Financial Group oversees the deal, anticipated to rise to $1.6 billion. read more.....»»

Category: blogSource: benzingaApr 12th, 2024