• Trump administration to ban TikTok app downloads starting Sunday: report

    Trump administration to ban TikTok app downloads starting Sunday: report

    The Trump administration will issue an order banning Americans from downloading TikTok as the video-sharing app rushes to seal a deal with US software giant Oracle, a new report says. The Friday order from the US Commerce Department will ban Apple and Google from offering TikTok — along with another Chinese-owned app, WeChat — on …
  • President Trump doesn’t want ByteDance to be TikTok’s majority owner

    President Trump doesn’t want ByteDance to be TikTok’s majority owner

    President Trump said he doesn’t want ByteDance to be TikTok’s majority owner under the Chinese tech giant’s proposed partnership with Oracle. Reports this week have indicated ByteDance wants a majority stake in a new US-based company set up to run TikTok’s global business — a proposal Trump said he “conceptually” didn’t like. “If that’s the …
  • Chinese Firm ByteDance Would Retain Majority TikTok Stake in Deal with Oracle

    Chinese Firm ByteDance Would Retain Majority TikTok Stake in Deal with Oracle

    National security regulators are reviewing a proposal that would leave ByteDance, TikTok’s Beijing-based parent company, with a majority ownership stake in the short-form social media app. According to a Wall Street Journal report, the Committee on Foreign Investment in the U.S., or Cfius, reviewed the deal that includes California- based tech firm Oracle’s bid to …
  • Larry Kudlow says US in ‘deep review’ of TikTok’s deal with Oracle

    Larry Kudlow says US in ‘deep review’ of TikTok’s deal with Oracle

    White House economic adviser Larry Kudlow on Wednesday said the US was in a “deep review process” of a deal Oracle struck with the popular video-sharing app TikTok’s Chinese parent company. Kudlow says “security and ownership” were important to President Trump in the review process. Earlier Wednesday, White House press secretary Kayleigh McEnany said the …
  • Sen. Josh Hawley urges feds to reject Oracle deal with TikTok

    Sen. Josh Hawley urges feds to reject Oracle deal with TikTok

    Sen. Josh Hawley called on the feds to shoot down TikTok’s proposed partnership with Oracle because it would keep the popular short-video app tethered to its Chinese owner. The Missouri Republican laid out his concerns in a Monday letter urging the Committee on Foreign Investment in the US to reject TikTok parent ByteDance’s proposal to …
  • TikTok, Oracle face several hurdles to keep deal alive

    TikTok, Oracle face several hurdles to keep deal alive

    TikTok has found a dance partner to keep it going in the US — but it has to convince the feds not to let the deal flop. American software firm Oracle said it would become the “trusted technology provider” for ByteDance — the Chinese tech giant behind the popular app known for its viral dance …
  • Oracle confirms deal to become TikTok’s ‘technology provider’ in US

    Oracle confirms deal to become TikTok’s ‘technology provider’ in US

    Software giant Oracle confirmed Monday that it has reached a deal with TikTok parent ByteDance to become the Chinese firm’s “trusted technology provider” in the US. The California-based company said Beijing-based ByteDance had submitted the proposed deal to the US Treasury Department over the weekend as it faced a Sept. 20 deadline to dump TikTok’s …
  • TikTok’s deal with Oracle may not include app’s key algorithm

    TikTok’s deal with Oracle may not include app’s key algorithm

    TikTok’s Chinese parent company reportedly doesn’t want to sell its signature algorithm — meaning Oracle’s deal to take over parts of the app may not include its secret sauce. The American software giant has struck a deal to become TikTok’s so-called technology partner ahead of the Trump administration’s looming deadline for Beijing-based ByteDance to sell …
  • Microsoft rejected, Oracle wins bid for TikTok’s US operations

    Microsoft rejected, Oracle wins bid for TikTok’s US operations

    Microsoft’s bid to purchase TikTok’s US operations was rejected, the company announced Sunday, with Oracle reportedly winning the bid to help run the popular social media app in the states. The deal between Tiktok’s Beijing-based owner ByteDance and Oracle is not believed to be structured as an outright sale, a source told The Wall Street …
  • Trump pushes his business favorites in search of TikTok deal

    Trump pushes his business favorites in search of TikTok deal

    For a guy who has pushed massive deregulation, President Trump certainly likes to insert himself into the business world on a granular basis. He ridicules Amazon’s CEO Jeff Bezos as “Jeff Bozo” and threatens the company’s contracts with the federal government — not because Amazon does a poor job, but because Bezos owns The Washington …