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Confusion Over ByteDance, TikTok Ownership Pattern Said To Be Latest Sticking Point In Oracle Deal

Trump Administration wants investors from the United States to hold a majority stake in ByteDance-owned short-form video app TikTok, the Wall Street Journal reported Wednesday. read more.....»»

Category: worldSource: nytSep 17th, 2020

The Wall Street Journal: New TikTok plan would see Oracle, Walmart, others give U.S. companies majority stake

Backers of a proposed new entity to take over Chinese-owned video-sharing app TikTok are working to create an ownership structure that would give U.S. interests a majority stake, in an effort to ease the Trump administration’s security concerns......»»

Category: topSource: marketwatchSep 17th, 2020

ByteDance Investors Sequoia, General Atlantic Lend Support To Oracle TikTok Bid: WSJ

Two major investors in TikTok parent company ByteDance are lending support to Oracle Corp’s (NYSE: ORCL) purchase of the short-form video app, with the intent of being a part of a deal, the Wall Street Journal read more.....»»

Category: blogSource: benzingaAug 25th, 2020

TikTok Parent In Talks With US To Retain Part Ownership Of Video App: WSJ

China’s ByteDance Ltd, the parent company of TikTok, is in talks with the United States government with the aim of retaining part ownership of the short-form video app, the Wall Street Journal reported Wednesday. read more.....»»

Category: blogSource: benzingaSep 9th, 2020

Trump Asks Microsoft, ByteDance To Pay US Govt A Cut From TikTok Acquisition Deal

President Donald Trump is ready to approve Microsoft Corporation's (NASDAQ: MSFT) purchase of ByteDance’s short-form video app TikTok — but only if the United States government received “a lot of money,” the Wall Street Journal read more.....»»

Category: blogSource: benzingaAug 3rd, 2020

The Wall Street Journal: Microsoft and Bytedance put TikTok talks on hold after Trump signals opposition

Microsoft Corp. has paused negotiations to buy the U.S. operations of the video-sharing app TikTok after President Trump said late Friday he opposes the deal, according to people familiar with the matter......»»

Category: topSource: marketwatchAug 1st, 2020

The Wall Street Journal: Saudi oil giant Aramco to pay $69.1 billion for majority stake in kingdom’s petrochemicals firm Sabic

Saudi Arabia’s national oil company has agreed to buy a majority stake in the kingdom’s petrochemicals firm for $69.1 billion, people familiar with the deal said, giving Crown Prince Mohammed bin Salman’s agenda a giant jolt of cash......»»

Category: topSource: marketwatchMar 27th, 2019

Kansas City Steak Co. parent sells majority stake for $969M

Kansas City-based National Beef Packing Co. sold a 51 percent stake to a Brazilian company for $969 million. Marfrig Global Foods now becomes the world’s second-largest beef producer, The Wall Street Journal reports. The deal is expected to clos.....»»

Category: topSource: bizjournalsApr 10th, 2018

U.S. tells China"s HNA to sell stake in NYC building near Trump Tower: WSJ

The U.S. government has ordered Chinese conglomerate HNA Group Co Ltd [HNAIRC.UL] to sell its majority stake in a Manhattan building whose tenants include a police precinct tasked with protecting Trump Tower, the Wall Street Journal reported on Friday......»»

Category: topSource: reutersAug 11th, 2018

Trump agrees to Oracle deal for TikTok in U.S.

Under the deal, ByteDance will keep control of the algorithm, which picks which videos to show each user, under the current agreement. However, President Trump said that China would have no influence on TikTok......»»

Category: topSource: bizjournalsSep 20th, 2020

TikTok is racing to finalize a deal that could give Oracle and US investors a majority stake in the app. Here"s what we know about the bid that could save TikTok from a US ban.

Many details of the deal are still unknown, but it appears to satisfy some of the US government's national security concerns while making few changes. TikTok; Samantha Lee/Business Insider.....»»

Category: topSource: businessinsiderSep 18th, 2020

A deal between TikTok and US-based Oracle will need Beijing"s approval, the app"s owner ByteDance said

ByteDance's proposal to make US tech firm Oracle a partner of TikTok, its short video app, is subject to approval by Beijing, it said on Thursday. China and US flags are seen near a TikTok logo in t.....»»

Category: personnelSource: nytSep 17th, 2020

CFIUS Reportedly Approves TikTok-Oracle Deal Amid Backlash Over ByteDance Majority Ownership

CFIUS Reportedly Approves TikTok-Oracle Deal Amid Backlash Over ByteDance Majority Ownership Tyler Durden Wed, 09/16/2020 - 09:15 Fox Business senior correspondent Charles Gasparino just reported that CFIUS "has approved or will .....»»

Category: worldSource: nytSep 16th, 2020

TikTok To Operate As A US Company Worldwide, With ByteDance As Majority Stakeholder: FT

ByteDance-owned short-form video app TikTok will operate as a standalone company based in the United States encompassing its entire global operations, where Oracle Corporation (NYSE: ORCL) would hold a minority stake, the Financial Times read more.....»»

Category: blogSource: benzingaSep 16th, 2020

: The clock is ticking on TikTok and at least one deal is dead

Oracle Corp. will reportedly take over TikTok's business in the U.S. after China's ByteDance rejected Microsoft Corp.'s offer......»»

Category: topSource: marketwatchSep 14th, 2020

Oracle Beats Microsoft In TikTok Bidding Contest To Avoid Ban

Oracle Corp. (NYSE: ORCL) is set to partner with video-sharing app TikTok, according to the Wall Street Journal. read more.....»»

Category: blogSource: benzingaSep 13th, 2020

The Wall Street Journal: TikTok, U.S. government discuss options to avoid outright sale

TikTok’s Chinese parent, ByteDance Ltd., is discussing with the U.S. government possible arrangements that would allow the popular video-sharing app to avoid a full sale of its U.S. operations, according to people familiar with the matter......»»

Category: topSource: marketwatchSep 9th, 2020

The Wall Street Journal: TikTok deal may hit snag over transfer of app’s core algorithms

Deal talks for TikTok’s U.S. operations have hit a snag over the key question of whether the app’s core algorithms can be included as part of a deal, according to people familiar with the matter......»»

Category: topSource: marketwatchSep 1st, 2020

New Chinese Tech Regulations Complicate The TikTok Deal

What Happened: Chinese authorities have imposed new regulations on technology exports which could complicate matters for the TikTok deal, The Wall Street Journal reported on Saturday. read more.....»»

Category: blogSource: benzingaAug 31st, 2020

The Wall Street Journal: China tightens tech export rules, complicating potential TikTok sale

China announced new restrictions on artificial-intelligence technology exports that could further complicate the sale of TikTok’s U.S. operations, while intensifying the tech battle between the world’s two largest economies......»»

Category: topSource: marketwatchAug 30th, 2020