1 week Oracle to buy TikTok to avoid US ban Manilatimes |Biz
NEW JERSEY: The short-video app TikTok has chosen Oracle as its corporate savior to avoid a US ban ordered by President Donald Trump. The US government will review the prospective deal. That much is known. Everything else is confusion, at least to outsiders. For instance: — What does it mean that, as Oracle declared, it will become a “trusted technology provider” for TikTok? Is this a joint venture, a vendor agreement or something else? Oracle is pointedly not referring to its deal as a sale or acquisition. — Will Trump approve such an arrangement after having threatened a ban ... more