Six weeks after announcing to the world it was in talks to buy TikTok, Microsoft comes out to tell us it didn’t get the gig. CEO Satya Nadella dodged a bullet. Now the gun is aimed directly at Oracle and its chairman, Larry Ellison.
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ByteDance is increasingly likely to miss a Trump administration deadline for the sale of its TikTok US operations after new Chinese regulations complicated negotiations with bidders Microsoft and Oracle.
US President Donald Trump insists that any sale of TikTok include a cut for the federal government, yet that demand has baffled policy experts and lawyers.
Imagine a bidder wanting to buy KFC, but being told the deal might not include the Colonel’s seven secret herbs and spices. That’s effectively what Beijing has told the list of US companies keen to purchase TikTok.
Walmart said it was joining Microsoft in a bid for social media company TikTok’s US assets, revealing its plans hours after CEO Kevin Mayer said he would step down.
Oracle’s bid for the US operations of TikTok received the backing of US President Donald Trump, bolstering the software maker’s attempt to derail takeover talks led by rival Microsoft.
Oracle has held preliminary talks with ByteDance on a potential bid for part of TikTok’s business, seeking to rival a competing bid by Microsoft, the Financial Times reported.
Apple surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed company.
While a wave of employee activism marked by walk-outs and protests has rippled through Silicon Valley in the past few years, Oracle has glided along unscathed. No longer.
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