Oracle

Trump's TikTok Deal: What Just Happened And Why Does It Matter?

7:24pm September 21, 2020

by Bobby Allyn

President Trump is claiming victory after blessing a deal in which Oracle and Walmart will own a stake of TikTok, but experts wonder whether the terms of the agreement will really change anything.

President Trump speaks to members of the media before boarding Marine One on the South Lawn of the White House in July.

TikTok Ban Averted: Trump Gives Oracle-Walmart Deal His 'Blessing'

12:11pm September 20, 2020

by Bobby Allyn

U.S. tech company Oracle is joining hands with Walmart to become a technology partner with TikTok, an arrangement that satisfies the White House's concerns over the security of American user data.

Queue Listen Now

Icons for the smartphone apps TikTok and WeChat are seen on a smartphone screen in Beijing. President Trump said he does not plan to support any deal to save TikTok in the U.S. that keeps China-based ByteDance as its majority owner.

Trump Casts New Doubt On Any Deal To Keep TikTok Alive In U.S.

1:41am September 17, 2020

by Bobby Allyn

Trump also said he's been advised "there is no legal path" for the U.S. to keep a cut of whatever TikTok deal the government approves, an idea he had earlier floated.

National

Larry Ellison Steps Down As Oracle's CEO

6:59pm September 18, 2014

by Krishnadev Calamur

Safra Catz and Mark Hurd will be co-CEOs. Ellison, who co-founded Oracle in 1977, was named executive chairman of the board and Oracle's chief technology officer.