It is also worth remembering that the law does not shutter TikTok; it can continue operating if ByteDance sells it. As ...

The deal is being billed as a “Project Texas 2.0,” a nod to a previous agreement between TikTok and Oracle to relocate American users’ data to servers in Texas and block ByteDance employees ...

The Information reported ByteDance sees Oracle as its preferred company to take over TikTok, but Politico notes it’s still unclear what Beijing will say about any final agreement.

Lee, TikTok was supposed to be gone a long time ago. Either it was supposed to be sold to a US company or the Chinese were supposed to close it. [00:00:13] Doug McIntyre: Yeah. President Trump gave ...

Even with the TikTok divest-or-ban law officially in effect since January, the app has only shut down service in the US for one day. Now, The Information reports that an agreement for a sale ...

Chinese tech giant ByteDance has roughly two weeks to save its video app TikTok from a renewed US ban — and there are signs cloud computing giant Oracle may play a prominent role.

The Oracle deal under discussion — a modification of a prior arrangement between TikTok and Oracle, where U.S. user data was stored on Oracle-run servers while ByteDance retained a role in ...

The deal — described as a partnership between ByteDance and Oracle — does not appear to meet the requirements of Trump’s executive order, which required ByteDance to fully divest from TikTok ...

ByteDance wouldn’t completely go away, but it would minimize Chinese ownership. ” Oracle is reportedly also willing to shell out “the tens of billions” to take over TikTok.

NEW YORK - ByteDance, the Chinese parent company of TikTok, has chosen Oracle to be its U.S. technology partner in the U.S. after Microsoft announced the Chinese company would not sell its ...

July 18 (Reuters) - Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S.

Spokespeople for Oracle, TikTok, ByteDance and the White House did not immediately respond to requests for comment. The deal is being billed as a “Project Texas 2.0,” a nod to a previous agreement ...