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.
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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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Oracle executive chairman Larry Ellison is making friends with his enemy’s enemy, who happens to be the President of the United States.
Oracle executive chairman Larry Ellison said the software giant won’t hire a second CEO to run the business alongside Safra Catz, deciding not to replace the late Mark Hurd.
Amazon.com claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to US$10-billion because US President Donald Trump viewed company founder Jeff Bezos as his “political enemy”.
The Chinese government is taking further steps to remove foreign technology from state agencies and other organisations, a clear sign of determination for more independence amid escalating tensions with the US.
Amazon.com has given notice that it will file a lawsuit challenging the US defence department’s decision to award Microsoft a cloud computing contract valued at as much as $10-billion over a decade.