does oracle own tiktok

Oracle has said nothing publicly about what it would do with TikTok’s underlying technology, which is written by a Chinese engineering team … ByteDance will effectively still own TikTok, and Trump will pretend he's done something. Oracle and TikTok struck a deal. ByteDance abandoned the sale of TikTok in the United States on Sunday in pursuit of a partnership with Oracle Corp it hopes will spare it a U.S. ban while appeasing the Chinese government, people familiar with the matter said on Sunday. TikTok’s deal with Oracle and Walmart is in its own lame-duck period. What it is, none will say The short-video app TikTok has chosen Oracle as its corporate savior to avoid a U.S. ban ordered by President Donald Trump Beyond Silicon Valley. The battle over the future of TikTok took a new turn as Oracle Corp. won the bidding for the U.S. operations of the video-sharing app. But wait — Oracle isn’t actually going to buy TikTok. An arranged marriage. Oracle is reportedly looking to purchase TikTok, giving Microsoft more competition for a politically sensitive acquisition of the popular video-sharing app. People familiar with the talks said the deal with Oracle seems to be more like a corporate restructuring than an outright sale. “Any corporate shell game that leaves TikTok in … Making money on TikTok: Creators will be able to sell merch from the app. A deal to keep TikTok operational in the United States is inching forward. Backers of plans for Oracle to join with TikTok to create a new U.S. company for the video-sharing app are working on a new ownership structure aimed at alleviating U.S. concerns over Chinese control. It has its own influencer culture, enabling people to make a living from posting videos on the service, and hosts ads from major U.S. companies. In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. This technical decision by TikTok was heavily influenced by Zoom’s recent success in moving a large portion of its video conferencing capacity to the Oracle Public Cloud. Q&A: What does a deal between TikTok and Oracle mean? The win for Oracle came after its top rival, Microsoft, announced on Sunday that its effort had fallen short. The U.S. government will review the prospective deal. Reuters/Dado Ruvic. If Microsoft gets TikTok it could boost their usage by between 2% and 5%, while for Oracle it could be as much 10%,” he said. TikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration's national security concerns … ADVERTISEMENT. The short-video app TikTok has chosen Oracle as its corporate savior to avoid a U.S. ban ordered by President Donald Trump. The TikTok controversy is still brewing as Oracle Corporation becomes the winning bidder for a deal with TikTok's US operations. The other issue is whether Oracle, which already collects so much data on Americans, would pose a privacy threat of its own, particularly to younger TikTok users, privacy watchdogs say. TikTok's deal with Oracle and Walmart is mired in confusion as the app's parent company ByteDance and the bidders put out conflicting statements. Technology. TikTok’s Sale to Oracle Doesn’t Fix Anything Despite efforts by China hawks to blunt Beijing’s influence, a Chinese firm will retain majority ownership of the app. "Americans will be the majority and ByteDance will have no ownership in TikTok … Trump And The TikTok Deal: What You Need To Know President Trump is claiming victory after blessing a deal in which Oracle and Walmart will own a stake of TikTok… As per a Bloomberg report, TikTok's parent company ByteDance Ltd turned down Microsoft’s previous bid to buy the assets. It has its own influencer culture, enabling people to make a living from posting videos on the service, and hosts ads from major U.S. companies. TikTok has reached an agreement to partner with software giant Oracle, a landmark deal that could redefine how the U.S. and China square off over the reach of their homegrown technology companies. Oracle confirms deal with TikTok-owner ByteDance to become 'trusted technology provider' Published Mon, Sep 14 2020 10:09 AM EDT Updated Mon, … By James Palmer The TikTok sale saga reached an apparent conclusion over the weekend when President Donald Trump approved a deal. Oracle Corporation (NYSE: ORCL) announced today that it was chosen to become TikTok’s secure cloud technology provider. Here are the latest developments. TikTok says it has 100 million U.S. users and hundreds of millions globally. Oracle executive vice president Ken Glueck said ByteDance will not own any part of the viral video app. It has its own influencer culture, enabling people to make a living from posting videos on the service, and hosts ads from major U.S. companies. From our Obsession. Instead, Oracle, a database software company whose co-founder and CEO are both open supporters of Trump, is the winning bidder. Photo: AP/ Anjum Naveed. Oracle has won a deal to help run TikTok’s US operations as a trusted technology partner. And some Washington politicians who have been supporters of dinging Chinese aggression also have their own questions about the Oracle deal. Oracle’s TikTok and Zoom deals won’t move cloud market share needle significantly. TikTok Ban Averted: Trump Agrees To Oracle-Walmart Deal U.S. tech company Oracle is joining hands with Walmart to become a technology partner with TikTok… ByteDance picks Oracle in high-profile bid for video app TikTok. … ByteDance had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp after U.S. President Donald Trump … Oracle does not currently have any consumer-facing business, which made its interest in TikTok a head-scratcher for many industry watchers. Some Washington politicians who have been supporters of dinging Chinese aggression also have own! Giving Microsoft more competition for a deal with TikTok 's parent company ByteDance Ltd turned down Microsoft ’ s with! Its effort had fallen short which made its interest in TikTok a head-scratcher for many industry watchers made its in. The short-video app TikTok reportedly looking to purchase TikTok, giving Microsoft more competition for a between! 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The Oracle deal TikTok controversy is still brewing as Oracle Corporation becomes the winning bidder for a sensitive.

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