Oracle, Among Others, Prepares to take over TikTok

Oracle, Among Others, Prepares to take over TikTok

on
ShareTweet
Pure Natural Healing

Oracle, Among Others, Prepares to take over TikTok

TikTok restoring US service as Trump promises executive order to ...

TikTok to be controlled by US-led group including Oracle, Andreessen Horowitz: report – New York Post
Source Link
Excerpt:

President Trump’s potential deal to avoid a TikTok ban is taking shape – with several prominent US tech and investor firms set to take majority control of the China-owned app.

Under the proposed terms, a group including billionaire Larry Ellison’s Oracle, Silver Lake and Andreessen Horowitz would form a new entity overseeing TikTok’s US operations, The Wall Journal reported, citing people familiar with the matter.

Home Remedies Natural Recipes

The US group will reportedly own a combined stake of approximately 80%, with Chinese investors holding the rest. Under the TikTok divestment law passed by Congress last year, Chinese ownership can’t exceed 20%.

About The Author

Home Remedies Natural Recipes
ShareTweet

You May Also Like

More From Author

FCC Head Counters DOJ “Hate Speech” Message

FCC Head Counters DOJ “Hate Speech” Message

Colorado Government Forcing Social Media Warning Messages to Minors

Colorado Government Forcing Social Media Warning Messages to Minors

AI

  • 4K Jobs Gone to AI at Microsoft July 7, 2026
    The software giant Microsoft announced it was laying off 4,000 people, primarily its X-box division. The move is designed to optimize X-box and other divisions using AI. The layoffs amount to 2.1% of its workforce. 1,600 of those layoffs are ...
  • Trump Downplays China’s Anti-Data Center Agit Prop Campaign in America June 5, 2026
    President Trump told the press at a White House event he does not think China is engaging in agit prop campaigning to drive Americans to not support AI Data Centers. His response suggested even if China could do such a ...
  • Americans Reject Data Centers May 15, 2026
    Plans by corporate and state America to rapidly build AI data centers could meet stiff resistance is a recent Gallop poll is correct. The poll shows 70% of Americans oppose Data centers, ESPECIALLY in their local regions. Not only do residents ...

Sustainable Flourishing

Pure Natural Healing