TikTok will spin off into a separate company, partly owned by Oracle

Credit: The Verge- Published on September 15, 2020
Illustration by Alex Castro / The Verge

Oracle plans take an ownership stake in a newly formed TikTok corporation as part of the recently announced deal, the Financial Times reports. The new arrangement will not cleave off TikTok regionally, but it will create a separate corporate entity for the app, in which Oracle will take...

Video credit: Reuters Studio
Published on September 14, 2020 -  06:36
Oracle, TikTok partnership is a 'headscratcher' -investor
Oracle's decision to team up with China's ByteDance to keep TikTok operating in the United States is 'one of the weirder things' that has happened in a very long time, Kim Forrest of Bokeh Capital Partners told Reuters business correspondent Conway G. Gittens.

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