Microsoft CEO Satya Nadella told CNET the deal struck between TikTok, Oracle, and Walmart looked nothing like the deal Microsoft originally bid on for TikTok's US operations.Oracle and Walmart announced their intentions to buy a 20% stake in TikTok on Saturday, but the deal is yet to win official government approval.The deal TikTok has managed to strike with Oracle and Walmart is a far cry from what it originally offered Microsoft, according to Microsoft CEO Satya Nadella.
The Oracle-TikTok deal comes after the Trump administration ordered that the popular, Chinese-owned app hive off its US operation or face a nationwide ban.
Sour grapes
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oracle's TikTok deal earned Trump's approval, but the rollercoaster isn't over yet - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What did they give him? Remember when it wasn’t the King’s job to approve trade deals among companies, but the FTC’s?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump, Beijing hint at Oracle-TikTok deal block amid ownership confusion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. China better be owning it's own app 😴
Source: BusinessInsider - 🏆 729. / 51 Read more »
Expert says Trump's $5 billion TikTok deal payment appears illegal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fake News. 'Trump is jeopardizing the United States' position as the best place in the world to do business, and should think twice about the long-term ramifications of extorting growth businesses, Chinese or otherwise.' Alex Lim IVP
Source: BusinessInsider - 🏆 729. / 51 Read more »
What TikTok’s U.S. deal means for its business in EuropeAssuming the Oracle deal goes through without any major objections from Beijing, what happens to TikTok in Europe? Soooo after all the grandstanding about tiktok.... Us companies will not have majority ownership.... No insight into source code.... And people who like spying on users for consumer behaviour (walmart CEO) will be on the board..... What a giant failMan facepalming TikTok will PikPok
Source: CNBC - 🏆 12. / 72 Read more »