Here’s what you need to know about Oracle’s bid to buy TikTok in the US from ByteDance

//Here’s what you need to know about Oracle’s bid to buy TikTok in the US from ByteDance

Here’s what you need to know about Oracle’s bid to buy TikTok in the US from ByteDance

1. Why is ByteDance selling the US operations of TikTok?US President Donald Trump on August 6 ordered a ban on global short video hit TikTok and WeChat, China’s ubiquitous social commerce app, on national security grounds amid an escalating tech war between Beijing and Washington.The executive orders proposed a US ban “to the extent permitted under applicable law, any transaction” with TikTok owner ByteDance, or that is related to WeChat with its parent company Tencent Holdings, “by any person,…

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By | 2020-09-19T09:00:15+00:00 September 19th, 2020|Technology|Comments Off on Here’s what you need to know about Oracle’s bid to buy TikTok in the US from ByteDance