Tag Archives: Oracle

TikTok has reached binding agreements with a group of major U.S. and foreign investors to form a new TikTok U.S. joint venture, a move intended to ensure the popular video platform can continue operating in the United States amid years of national security concerns. The deal, involving Oracle, Silver Lake …

President Donald Trump is expected to sign a deal Thursday clearing the way for TikTok’s U.S. operations to be transferred from its China-based parent company ByteDance to a group of American investors, two senior White House officials told NBC News. The agreement, which has been in the works for months, …

Oracle Corp. will spearhead U.S. oversight of TikTok’s algorithm and security under a framework deal advanced Monday by President Donald Trump’s administration, in the most significant step yet toward severing the Chinese-owned app’s ties with Beijing. The proposal calls for a consortium of U.S. investors — led by Oracle and …