October 1, 2020

TikTok could become a standalone company under Oracle deal

Issued on: 16/09/2020 – 10:03

The video app TikTok could become a standalone company under a deal with Oracle to retain its access to the United States market. The US government is currently considering the proposal, which would see TikTok’s current Chinese owners Bytedance remain a majority shareholder in the new enterprise, while Oracle would take a minority stake. President Trump has set a deadline of this Sunday to resolve the issue. Also today, why Washington isn’t worried about censure from the World Trade Organization over its China tariffs.