9:33:35 AM PDT - Saturday, September 26th, 2020

As U.S. TikTok Ban Nears, Here’s What We Know About a Deal  

By Editor - Wed Sep 16, 1:07 pm

(Bloomberg) — With just days to go until President Donald Trump’s ban on TikTok in the U.S. comes into effect, the race is on for the video-sharing app’s Chinese owner, ByteDance Ltd., to win approval for its plan to avoid a shutdown.Technology giant Oracle Corp. has emerged as the Beijing-based company’s chosen partner for a deal, beating out Microsoft Corp. But instead of an outright sale as ordered by Trump, the deal on the table affords Oracle only a minority stake in a company that will continue to be controlled by ByteDance. There’s still much to be decided before the Sept.

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As U.S. TikTok Ban Nears, Here’s What We Know About a Deal

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