A turbulent TikTok buyout deal could be a boon to competitors.
News & Analysis: Oracle
The authorities aren't letting up on their threats against the popular video-sharing app.
The video sharing app still faces a presidential executive order that imposes a ban in November.
A judge gives the government until 2:30 p.m. today to respond to the video-sharing app's injunction request.
TIkTok could avert a ban in the U.S. with a complex investment deal involving Oracle, Walmart, and a U.S. IPO.
Video sharing app will see Oracle and Walmart acquire a 20% stake in the new U.S.-based company.
President will ban the download of the video-sharing app effective Sunday.
But the small stake may not be enough to sway Trump, who has said he wants the app sold to a U.S. company.
However the U.S. tech giant would become a minority shareholder in the new U.S.-based entity.
Fraught with geopolitical tension, the deal at a minimum creates a facsimile of the changes required by the U.S. government.