Tag: Oracle

ByteDance out for $60b deal on US TikTok sell

China’s ByteDance seeks an evaluation of $60 billion for TikTok as Oracle and Walmart take stakes in the short-video app, before its US ban deadline. The two companies would pay a combined $12 billion for their stakes if they agree to a $60 billion asking price, Bloomberg reported. ByteDance, TikTok, Oracle and Walmart did not […]

With Oracle-deal still up-in-air, TikTok faces new threat: USElections2020

TikTok, already under scrutiny over its Chinese ownership and threatened with a possible ban by U.S. President Donald Trump, is facing another major challenge: how to handle content around its first U.S. presidential election. Originally known for teenagers’ viral dance routines and prank videos, Tiktok is now increasingly a destination for political content from its […]

Subscribe to The Brew Newsletter

Don’t miss new updates from us

SUBSCRIBE FOR BREAKING NEWS