'ByteDance asserts it will maintain majority ownership and control over TikTok Global and will not transfer source code or

ByteDance asserts it will maintain majority ownership and control over TikTok Global and will not transfer source code or technology to Oracle and Walmart (Financial Times)

techmeme.com

Financial Times: ByteDance asserts it will maintain majority ownership and control over TikTok Global and will not transfer source code or technology to Oracle and Walmart — Chinese company contradicts assertions of Donald Trump, Oracle and Walmart — ByteDance said on Monday that it would maintain majority ownership …
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TikTok's deal with Oracle and Walmart has reportedly been put on ice now that Trump is gone

businessinsider.com

Summary List PlacementTikTok's deal to sell off its US business to Oracle and Walmart has been...
Summary List PlacementTikTok's deal to sell off its US business to Oracle and Walmart has been indefinitely suspended, sources told the Wall Street Journal. Sources said the deal has been shelved as the Biden administration takes stock of whether it wants to enforce the sanctions against TikTok put in place by former President Donald Trump. In August 2020 Trump signed two executive orders demanding...

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Insight Partners says it has acquired a majority stake in CommerceHub, which connects retailers like Walmart to suppliers, in a deal valuing it at $1.9B (Katie Roof/Bloomberg)

techmeme.com

Katie Roof / Bloomberg: Insight Partners says it has acquired a majority stake in CommerceHub, which...
Katie Roof / Bloomberg: Insight Partners says it has acquired a majority stake in CommerceHub, which connects retailers like Walmart to suppliers, in a deal valuing it at $1.9B — - Investment values e-commerce provider at $1.9 billion — GTCR and Sycamore Partners retain minority ownership
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China says it won’t approve TikTok sale, calls it ‘extortion’

techcrunch.com

The September 20 deadline for a purported TikTok sale has already passed, but the parties involved...
The September 20 deadline for a purported TikTok sale has already passed, but the parties involved have yet to settle terms on the deal. ByteDance and TikTok’s bidders Oracle and Walmart presented conflicting messages on the future ownership of the app, confusing investors and users. Meanwhile, Beijing’s discontent ...
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