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Sun Sep 13, 2020, 08:22 PM

Oracle Is Said to Win Deal for TikTok's U.S. Operations

Source: Bloomberg

Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. said its offer for the video app was rejected.

ByteDance Ltd., TikTok’s parent, turned down Microsoft’s previous bid to buy TikTok’s U.S. assets. A deal with Oracle is narrower, appearing more like a corporate restructuring than an outright sale, one of the people said.

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One person familiar with the deliberations in the White House said it’s unclear whether a deal with Oracle will pass muster with the Trump administration, where various factions have been pushing for a complete shutdown or an outright sale of TikTok to an American company.

snip

Oracle, a company with a closer relationship to the U.S. president, emerged as a bidder with the backing of Sequoia Capital, a key ByteDance shareholder.

Read more: https://www.bloomberg.com/news/articles/2020-09-13/oracle-is-said-to-gain-advantage-in-deal-for-tiktok-in-u-s



Not to worry because Sarah Cooper is getting a Netflix special.

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Reply Oracle Is Said to Win Deal for TikTok's U.S. Operations (Original post)
Botany Sep 2020 OP
progressive nobody Sep 2020 #1
mysteryowl Sep 2020 #2
blogslut Sep 2020 #3

Response to Botany (Original post)

Sun Sep 13, 2020, 08:23 PM

1. Good! Can't wait!

 

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Response to Botany (Original post)

Sun Sep 13, 2020, 09:39 PM

2. she is beautiful as well

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Response to Botany (Original post)

Mon Sep 14, 2020, 02:19 AM

3. Larry Ellison in charge of a social media platform?

I'm sure everything will be super duper.

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