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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

TikTok Expected To Cut Ties With ByteDance, Operate As A US Company, Trump Administration"s Kudlow Says

Popular short-form video application TikTok may change ownership and is expected to operate as a United States-based company, according to the White House economic adviser Larry Kudlow. What Happened read more.....»»

Category: blogSource: benzingaJul 16th, 2020

TikTok, Oracle deal still shrouded in uncertainty as companies tussle over ownership

Trump says Americans must have total control. ByteDance says it will keep majority control. The deal is far from a sure thing......»»

Category: topSource: washpostSep 21st, 2020

TikTok Files Court Complaint To Stop Trump Ban

Video-sharing app TikTok and its parent company, ByteDance Ltd., filed a complaint in a Washington federal court challenging the prohibitory measures taken by U.S. President Donald Trump. read more.....»»

Category: blogSource: benzingaSep 19th, 2020

ByteDance floats US IPO for TikTok in effort to win White House approval

A TikTok IPO would likely mark the largest tech IPO in recent years. The company was recently valued at about $50 billion in private fundin.....»»

Category: smallbizSource: nytSep 18th, 2020

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

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

The Wall Street Journal: China’s ByteDance aims to keep majority stake in TikTok in Oracle deal

China’s ByteDance Ltd......»»

Category: topSource: marketwatchSep 16th, 2020

TikTok"s parent company rejects Microsoft"s offer to by US operations

TikTok parent company ByteDance has informed Microsoft it will not sell the Redmond-based company U.S. operations of TikTok. Microsoft on Sunday posted this statement: Microsoft's deal to acquire one of the world's most popular and fastest-grow.....»»

Category: topSource: bizjournalsSep 14th, 2020

TikTok owner ByteDance rejected Microsoft"s bid for the app"s US operations, Oracle reportedly chosen as US "technology partner"

Several news outlets reported ByteDance has named Oracle as its "technology partner," though the company's bid has not yet been publicly accepted. L.....»»

Category: worldSource: nytSep 13th, 2020

ByteDance is reportedly looking to sell TikTok without the algorithm that drives the app

The South China Morning Post reported the company is looking to sell th.....»»

Category: personnelSource: nytSep 13th, 2020

TikTok Parent Plots Southeast Asia Expansion, As Setbacks Continue In US

After filing a lawsuit against President Donald Trump's administration, Chinese technology company ByteDance is planning to expand its operations in Singapore. read more.....»»

Category: blogSource: benzingaSep 11th, 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

TikTok may be trying to negotiate its way out of being sold at all

According to a new report, ByteDance is discussing "possible arrangements" that could keep the company from selling all of TikTok.....»»

Category: topSource: businessinsiderSep 9th, 2020

Walmart reportedly tried to become TikTok"s majority owner by teaming up with Alphabet and SoftBank before the Trump administration nixed the idea

Walmart ultimately partnered with Microsoft after Trump officials said a tech company needed to lead the deal. Walmart signs are displayed inside a Walmart store in Mexico City Reuters Walmart originally wanted to bec.....»»

Category: smallbizSource: nytAug 27th, 2020

Key Words: U.S. TikTok CEO Kevin Mayer resigns, saying ‘the political environment has sharply changed’

Mayer’s announcement comes amid intense pressure for the wildly popular app, which President Donald has vowed he will ban in the U.S. unless parent company Beijing-based ByteDance sells it within 90 days......»»

Category: topSource: marketwatchAug 27th, 2020

TikTok CEO Kevin Mayer resigned as the Trump administration is pushing to ban the Chinese-owned app

Mayer joined TikTok in May as CEO and served as COO of its parent company ByteDance. He was formerly the head o.....»»

Category: personnelSource: nytAug 27th, 2020

TikTok is arguing the Trump administration shouldn"t treat it like Huawei because it poses less of a theoretical threat than telecoms providers

Tolga Akmen/AFP/Getty Images; Clancy Morgan/Business Insider TikTok is suing the US government after President Trump signed an executive order banning US firms and citizens from doing business with its parent company ByteDance, arguing a lack of due .....»»

Category: worldSource: nytAug 25th, 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 just sued the Trump administration. Here"s everything we know about the app"s future in the US — and everything we don"t.

Samantha Lee/Business Insider President Donald Trump is threatening to ban popular viral-video app TikTok in the US over claims that it poses a national-security risk through its Chinese parent company ByteDance. ByteDance is entertaining TikTok acqui.....»»

Category: topSource: businessinsiderAug 24th, 2020

Oracle stock gains after report says company is interested in acquiring TikTok

Shares of Oracle Corp. are up more than 3% in Tuesday morning trading after the Financial Times reported that the software giant has held preliminary talks with TikTok owner ByteDance ab.....»»

Category: topSource: marketwatchAug 18th, 2020