By Bloomberg | Posted by Ayshee Bhaduri
PUBLISHED ON DEC 12, 2020 11:58 AM IST
Oracle’s shift of resources away from California dates at least to 2018. That year, Oracle opened a campus in Austin, featuring an on-site apartment building for employees, in an effort to recruit a younger and less costly workforce.
Hindustan Times, Washington | By Yashwant Raj
UPDATED ON SEP 20, 2020 11:50 PM IST
Oracle and Walmart will acquire 12.5% and 7.5% respectively in a new company which will be called TikTok Global while ByteDance, the Chinese parent company, will continue to hold a stake.
By Bloomberg | Posted by Prashasti Singh
PUBLISHED ON SEP 20, 2020 07:10 AM IST
Oracle and Walmart Inc. together could end up with as much as 20% of the entity, to be called TikTok Global, purchased in a round of financing that would precede an initial public offering, TikTok said.
By Bloomberg | Posted by Arpan Rai
UPDATED ON SEP 20, 2020 06:46 AM IST
The new company, which will be called TikTok Global, has agreed to donate $5 billion to an education fund, which Trump said would satisfy his demand that the government receive a payment from the deal.
Reuters | By Reuters| Posted by Susmita Pakrasi
PUBLISHED ON SEP 15, 2020 08:24 AM IST
Treasury Secretary Steven Mnuchin said earlier in the day that the Trump administration received a proposal from Oracle over the weekend to make Chinese-owned short video app TikTok a U.S.-headquartered company and will review the plan this week.
Washington | By Agence France-Presse | Posted by Prashasti Singh
UPDATED ON SEP 14, 2020 11:59 PM IST
Treasury Secretary Steven Mnuchin confirmed on Monday Washington had received a bid from Oracle concerning TikTok’s American operations after the video-sharing app’s parent ByteDance rejected a proposal from Microsoft.
Washington | By Reuters
PUBLISHED ON AUG 19, 2020 09:56 AM IST
The remarks came after Oracle joined some of the investors of TikTok’s Chinese owner, ByteDance, in pursuing a bid for the short-video app’s operations in North America, Australia and New Zealand, Reuters reported.
Hindustan Times | By HT Correspondent
UPDATED ON AUG 29, 2018 06:49 PM IST
It’s increasingly becoming clear that the march of fin-tech firms is unstoppable.
Susan Decker , Bloomberg | By Bloomberg
UPDATED ON MAR 27, 2018 08:35 PM IST
Google’s use of Java shortcuts to develop Android went too far and was a violation of Oracle’s copyrights, the U.S. Court of Appeals for the Federal Circuit ruled