Results for oracle walmart bytedance

Add to feed Create your own feed

Latest

TikTok, owned by Chinese company ByteDance, is scrambling to firm up a deal tentatively struck a week ago in which it would partner with tech company Oracle and retailer Walmart.

TikTok parent ByteDance seeks Chinese approval for a U.S. deal with Oracle and Walmart

tweet picture

TikTok sale: ByteDance applies for China tech export licence amid uncertainty over Oracle-Walmart deal

ByteDance, Oracle, and Walmart are struggling to make the deal to spin off TikTok according to Trump's demands

Beijing is unlikely to approve an "unfair" deal Oracle and Walmart said they have struck with ByteDance over the future of its video-streaming app TikTok, state-backed newspaper says.

WATCH: Chinese state-backed newspaper Global Times said in an editorial that Beijing is unlikely to approve to a deal that Oracle and Walmart have struck with ByteDance over the future of TikTok

Chinese state-backed newspaper Global Times said in an editorial that Beijing is unlikely to approve to a deal that Oracle and Walmart have struck with ByteDance over the future of TikTok

A deal that ByteDance has struck with Oracle and Walmart over the future of TikTok is unlikely to receive Chinese government approval, state-backed newspaper Global Times said in an editorial

Loading
Loading

Most relevant

China is unlikely to approve a deal Oracle and Walmart said they have struck with ByteDance over the future of TikTok, state-backed newspaper Global Times said in an editorial

Beijing is unlikely to approve an "unfair" deal Oracle and Walmart said they have struck with ByteDance over the future of its video-streaming app TikTok, state-backed newspaper says.

Oracle and Walmart have a 20 percent stake. Who knows how much China’s ByteDance has. Who has rest? This is a chimerical monstrosity that does not accomplish what Trump said he was up to.

ByteDance, in a statement, claims that it first heard about Trump’s education fund from press reports. Walmart and Oracle did say the new TikTok expects to pay $5 billion in taxes to the US Treasury. ByteDance says that’s an estimate of normal income and operating taxes.

tweet picture

So, here’s what we know: -Trump blessed the TikTok deal -The ban is delayed for a week -Walmart & Oracle get a 20% stake -$5B to an “education” fund, Trump said -ByteDance still majority owner

China's ByteDance Ltd is seeking a valuation of $60 billion for #TikTok  as Oracle and Walmart take stakes, respectively 12.5% and 7.5%, in TikTok's business. Two companies would pay a combined $12 billion for their stakes if they agree to $60 billion asking price, Reuters reports

tweet picture

So the ownership of TikTok Global will be, according to a person familiar with the matter: Oracle - 12.5% Walmart - 7.5% ByteDance - 80% ... But 40% of ByteDance’s ownership is US venture capital funding. That’s how the Trump admin is calculating this deal as “majority US $”

I’m pretty sure that if Oracle or Walmart or ByteDance paid a $5 billion bribe to a foreign government to get a deal done, that would be a blatant and criminal violation of the FCPA

ByteDance avoids shutdown of TikTok in the U.S. after Trump’s support of a deal involving Oracle and Walmart

Beijing makes a move that could potentially block a TikTok sale. Your move now U.S. As for TikTok/ByteDance/Microsoft/Oracle/Walmart? They're caught in the middle of the political tit for tat. @paulmozur  @zhonggg  @dmccabe 

Loading
Loading