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tiktok acquisition

A collection of 32 posts


Satya Nadella said the TikTok-Oracle deal is unrecognizable from the one Microsoft bid on
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warroom 2020-09-23 18:38

Satya Nadella said the TikTok-Oracle deal is unrecognizable from the one Microsoft bid on

Microsoft's CEO Satya Nadella. Tobias Schwarz/Getty Images Microsoft CEO Satya Nadella told CNET the deal struck between TikTok, Oracle, and Walmart looked nothing like the deal Microsoft originally bid on for...

Isobel Asher Hamilton
I Isobel Asher Hamilton
2 min read
TikTok's deal with Oracle and Walmart lets it cling on to its most valuable asset — its algorithm
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warroom 2020-09-21 18:38

TikTok's deal with Oracle and Walmart lets it cling on to its most valuable asset — its algorithm

TikTok's recommendation algorithm is considered its "secret sauce." Photo by Jens Kalaene/picture alliance via Getty Images ByteDance's deal with Oracle and Walmart means it will retain control of TikTok's...

Isobel Asher Hamilton
I Isobel Asher Hamilton
2 min read
TikTok owner ByteDance is reportedly eyeing a $60 billion valuation for TikTok Global
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warroom 2020-09-21 18:24

TikTok owner ByteDance is reportedly eyeing a $60 billion valuation for TikTok Global

Tolga Akmen/AFP/Getty Images; Clancy Morgan/Business Insider TikTok's owner ByteDance is reportedly seeking a valuation of $60 billion for its US operations.ByteDance reached an agreement with Oracle and Walmart...

Saloni Sardana
S Saloni Sardana
2 min read
TikTok's Chinese owner contradicted 2 of Trump's key boasts about its deal with Walmart and Oracle
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warroom 2020-09-21 17:26

TikTok's Chinese owner contradicted 2 of Trump's key boasts about its deal with Walmart and Oracle

US President Donald Trump. JIM WATSON/AFP via Getty Images TikTok parent ByteDance released a statement Monday about the app's US deal with Oracle and Walmart that contradicted two statements made by the...

Isobel Asher Hamilton
I Isobel Asher Hamilton
3 min read
Instagram is working to open up messaging to third parties
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warroom 2020-09-21 05:22

Instagram is working to open up messaging to third parties

Hi! Welcome to the Insider Advertising daily for September 21. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback...

Lauren Johnson
L Lauren Johnson
3 min read
Oracle announces it will become a minority investor in TikTok Global after Trump indicates his approval
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warroom 2020-09-20 06:28

Oracle announces it will become a minority investor in TikTok Global after Trump indicates his approval

Reuters Oracle announced Saturday it will become a minority investor in TikTok's global business, and will be its designated its "trusted technology provider." The news is the latest development in the...

  • Benjamin Pimentel
    B
  • Michelle Mark
    M
2 min read
Trump reportedly pushed again for a cut of the TikTok deal in a call with Oracle chairman Larry Ellison and Walmart CEO Doug McMillon
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warroom 2020-09-19 11:26

Trump reportedly pushed again for a cut of the TikTok deal in a call with Oracle chairman Larry Ellison and Walmart CEO Doug McMillon

AP Photo/Matt Rourke President Donald Trump discussed the pending TikTok deal with Oracle co-founder Larry Ellison and Walmart CEO Doug McMillon in a phone call Friday, Bloomberg reported. On the call, Trump told...

Tyler Sonnemaker
T Tyler Sonnemaker
2 min read
Trump's ban on TikTok is another move in the 'tug-of-war' between the US and China that may send the Oracle deal back to the drawing board, experts say
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warroom 2020-09-19 01:08

Trump's ban on TikTok is another move in the 'tug-of-war' between the US and China that may send the Oracle deal back to the drawing board, experts say

Reuters The US Commerce Department said on Friday that it would prohibit downloads of TikTok and WeChat beginning September 20. The move comes after Oracle and TikTok announced a proposal for the enterprise tech...

Lisa Eadicicco
L Lisa Eadicicco
4 min read
Trump's push to ban TikTok, explained in 30 seconds
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warroom 2020-09-19 00:39

Trump's push to ban TikTok, explained in 30 seconds

Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider The US Commerce Department announced Friday it would ban TikTok and WeChat from app stores on September 20. With the deadline just two days away,...

Paige Leskin
P Paige Leskin
3 min read
ByteDance floats US IPO for TikTok in effort to win White House approval
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warroom 2020-09-18 20:11

ByteDance floats US IPO for TikTok in effort to win White House approval

Lionel Bonaventure/Getty Images One avenue ByteDance is exploring to satisfy President Trump's concerns about TikTok is a US IPO, CNBC's David Faber reported on Thursday, citing sources.ByteDance spinning off TikTok...

Matthew Fox
M Matthew Fox
2 min read
The Treasury Dept. has reportedly reached a deal for Oracle, Walmart, and other US investors to take a majority stake in TikTok
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warroom 2020-09-18 00:17

The Treasury Dept. has reportedly reached a deal for Oracle, Walmart, and other US investors to take a majority stake in TikTok

Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider The US government has "tentatively agreed" to a deal between Oracle and TikTok parent company ByteDance over TikTok's ownership structure,...

Paige Leskin
P Paige Leskin
2 min read
Trump says he's not yet ready to sign off on a TikTok deal as his administration reportedly pushes for majority US ownership
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warroom 2020-09-17 12:18

Trump says he's not yet ready to sign off on a TikTok deal as his administration reportedly pushes for majority US ownership

Associated Press/Patrick Semansky; Reuters/Dado Ruvic Trump administration officials are pushing for potential US buyers of TikTok to own a majority share of the company, The Wall Street Journal reported...

Tyler Sonnemaker
T Tyler Sonnemaker
2 min read
Trump admits there's no 'legal path' for TikTok to pay the US government as part of a sale to an American company
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warroom 2020-09-17 05:52

Trump admits there's no 'legal path' for TikTok to pay the US government as part of a sale to an American company

Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider Trump acknowledged during a press conference Wednesday that TikTok can't legally pay the US government as part of a deal involving an American...

Tyler Sonnemaker
T Tyler Sonnemaker
2 min read
The Trump administration says the TikTok order doesn't stop the app's US employees getting paid
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warroom 2020-09-17 01:16

The Trump administration says the TikTok order doesn't stop the app's US employees getting paid

BigTunaOnline/Shutterstock President Trump's attempts to shut down TikTok in the US won't affect employees getting paid, the administration said in a legal filing on Monday. A US TikTok employee, Patrick Ryan, had...

Chris Stokel-Walker
C Chris Stokel-Walker
2 min read
Here's what we know about Oracle's bid to become TikTok's 'trusted technology provider' and potentially save it from Trump's threats of a US ban
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warroom 2020-09-16 06:31

Here's what we know about Oracle's bid to become TikTok's 'trusted technology provider' and potentially save it from Trump's threats of a US ban

Reuters The US government is expected to review a deal where Oracle would become TikTok's "trusted technology provider" in the US. No details have been made official, but reports indicate the deal is a...

Paige Leskin
P Paige Leskin
3 min read
Oracle wins proposed deal with TikTok
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warroom 2020-09-15 06:41

Oracle wins proposed deal with TikTok

Hi! Welcome to the Insider Advertising daily for September 15. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback...

Lauren Johnson
L Lauren Johnson
3 min read
A TikTok employee suing the Trump administration is about to get his first court hearing
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warroom 2020-09-14 23:26

A TikTok employee suing the Trump administration is about to get his first court hearing

President Donald Trump speaks on the fourth and final night of the Republican National Convention with a speech delivered in front a live audience on the South Lawn of the White House on Thursday, August 27,...

Chris Stokel-Walker
C Chris Stokel-Walker
3 min read
Walmart says it's still in talks with TikTok as an Oracle deal moves forward
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warroom 2020-09-14 23:13

Walmart says it's still in talks with TikTok as an Oracle deal moves forward

ByteDance CEO Zhang Yiming, left, and Walmart CEO Doug McMillon. VCG/VCG via Getty Images; Rick T. Wilking/Getty Images Oracle has edged out Microsoft in negotiations for ByteDance-owned TikTok in a deal that's...

Hayley Peterson
H Hayley Peterson
1 min read
Dow climbs 230 points as tech giants rally from last week's slump
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warroom 2020-09-14 20:42

Dow climbs 230 points as tech giants rally from last week's slump

Mario Tama / Getty Images US stocks climbed on Monday as new deals and shifting investor sentiments boosted tech giants.Oracle leaped following reports that the company won its bid to partner with TikTok's US...

Ben Winck
B Ben Winck
3 min read
Oracle leaps 10% after reportedly winning partnership bid for TikTok's US operations
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warroom 2020-09-14 19:50

Oracle leaps 10% after reportedly winning partnership bid for TikTok's US operations

Oracle president Mark Hurd delivers a keynote address at the company's 2013 conference. Justin Sullivan/Getty Images Oracle jumped as much as 10% in early Monday trading on reports that the firm won bidding for a...

Ben Winck
B Ben Winck
3 min read
TikTok owner ByteDance rejected Microsoft's offer for the app's US operations
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warroom 2020-09-14 06:48

TikTok owner ByteDance rejected Microsoft's offer for the app's US operations

Lionel Bonaventure/Getty Images Microsoft announced Sunday that TikTok owner ByteDance rejected the company's bid to acquire the US operations of the popular video app. "ByteDance let us know today they would...

Lauren Frias
L Lauren Frias
2 min read
TikTok exceeds 100 million monthly users in Europe as US sale deadline looms
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warroom 2020-09-14 06:01

TikTok exceeds 100 million monthly users in Europe as US sale deadline looms

TikTok's most senior European exec, Rich Waterworth ByteDance/TikTok Video app TikTok said on Monday it had surpassed 100 million monthly users in Europe. The company also has 1,600 employees in Europe. The numbers...

Chris Stokel-Walker
C Chris Stokel-Walker
3 min read
TikTok may be trying to negotiate its way out of being sold at all
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warroom 2020-09-10 04:42

TikTok may be trying to negotiate its way out of being sold at all

ByteDance founder and CEO Zhang Yiming Zheng Shuai/VCG via Getty Images The US government has for months tried to force ByteDance to divest from TikTok's business in the US, based on allegations that the company...

Paige Leskin
P Paige Leskin
2 min read
Experts dissected TikTok's algorithm and say a US buyer will struggle to replicate its magic
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warroom 2020-09-07 18:09

Experts dissected TikTok's algorithm and say a US buyer will struggle to replicate its magic

TikTok Photo by Jens Kalaene/picture alliance via Getty Images TikTok's prospective buyer will struggle to replicate the app's magic if the purchase doesn't include its recommendation algorithm, experts say. AI and...

Chris Stokel-Walker
C Chris Stokel-Walker
5 min read
Trump wants to ban TikTok to keep Americans' data out of China's hands, but Microsoft and Oracle's track records suggest they could turn it over to the US government instead
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warroom 2020-09-03 04:41

Trump wants to ban TikTok to keep Americans' data out of China's hands, but Microsoft and Oracle's track records suggest they could turn it over to the US government instead

The "Microsoft Advanced Patrol Platform" outfits police patrol cars with a high-tech setup that includes a variety of cameras and real-time data. SuperDroid Robots Trump wants to force the sale of TikTok to...

Tyler Sonnemaker
T Tyler Sonnemaker
5 min read
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