Beijing unlikely to okay 'unfair' TikTok-Oracle deal: Global Times
China's government has largely refrained from directly commenting on the deal's details, though its foreign ministry has repeatedly said the United States should offer a fair and non-discriminatory environment for foreign companies Math doesn't add up: Differing views create confusion in TikTok-Oracle deal
A key reason for the discrepancy lies in differing views over the eventual distribution of TikTok's shares ByteDance can't control TikTok-Oracle deal: Trump
ByteDance can't control TikTok-Oracle deal: TrumpShortly after Trump's comments, Hu Xijin, editor-in-chief of the China state-affiliated Global Times, tweeted that Beijing would likely reject the deal because the agreement would endanger China's national security, interests and dignity. Oracle-TikTok deal wins Trump's blessing; Deal at a glance
However, some of the terms remail unclear As Donald Trump's deadline looms, scramble on TikTok deal structure
A deal appeared to be taking shape this week that would allow Silicon Valley-based Oracle to be the US technology partner for TikTok to allay Washington's concerns that the platform could be used for Chinese espionage. Trump raises questions about TikTok-Oracle deal if ByteDance ties remain
Trump had previously threatened to ban the app unless its US operations were sold to a US company and the US government received a share of the proceeds US Treasury Department to review Oracle's proposal to revamp TikTok
Will make a recommendation to President Trump after CFIUS review, says Treasury Secretary Steven Mnuchin in a CNBC interview How ByteDance's CEO Yiming Zhang balked at selling TikTok's U.S. business
China's opposition to a forced sale of TikTok, as well as concerns by major ByteDance backers such as Sequoia and General Atlantic over the financial hit of selling the popular short-video app in the United States for less than what it is worth, led Zhang to opt for the sale of only a stake to Oracle, rather than an outright divestment, the sources said. Oracle revenues, profits beat expectations as work from home takes centrestage
The COVID-19 pandemic has led to a rapid shift to remote work with companies looking to extend it till the next year, benefiting cloud companies that support this move ORACLE FINANCIAL SERVICES SOFTWARE LTD. - 532466 - Intimation Of ESOP Allotment Committee Meeting To Be Held On September 23, 2020.
This is to inform you that a meeting of ESOP Allotment Committee will be held on Wednesday, September 23, 2020 to consider allotment of shares to the eligible employees who have chosen to exercise their options under prevailing Employees Stock Option Schemes of the Company.