Oracle Wins Bid to Purchase TikTok From ByteDance

Todd Spangler NY Digital EditorThe federal judge who blocked the White House’s ban on TikTok downloads in the U.S. Sunday night said that the Trump administration “likely exceeded the lawful bounds” of the powers afforded to the president under the the International Emergency Economic Powers Act.President Trump invoked the IEEPA in his executive order to ban TikTok, the short-form video app owned by Chinese internet giant ByteDance, in the United States.

Charlie Puth is heating things up.

an American-owned company, after voicing concerns that the app, which is owned by Chinese tech firm ByteDance, was misusing user information and jeopardizing national security. If a sale isn’t approved by that date, Trump said, he’ll ban new downloads of the app in U.S.

Todd Spangler NY Digital EditorThere’s a new sign the Chinese government is leaning toward spiking the deal to transfer control of TikTok from ByteDance to U.S. owners, including Oracle and Walmart.An editorial Wednesday in China Daily, the state-run newspaper of the Beijing regime, called the agreement to form TikTok Global — which was forced by an executive order by President Trump under the guise of protecting U.S.

Todd Spangler NY Digital EditorThe fate of TikTok isn’t fully settled yet.In a sign that the talks over the ownership transfer of TikTok to U.S.-controlled parties — forced by the Trump administration — could potentially get derailed, Oracle and ByteDance, TikTok’s Chinese parent, are making different claims about who will own what in the newly reincarnated TikTok Global.On Sunday, ByteDance said in a statement that it would own 80% of TikTok Global, with Oracle and Walmart collectively taking

Regina King is taking home her fourth Emmy with this year’s win.

President Donald Trump said Saturday he's given his "blessing" to a proposed deal between Oracle and Walmart for the U.S. operations of TikTok, the Chinese-owned app he's targeted for national security and data privacy concerns.

Todd Spangler NY Digital EditorTikTok users in the U.S. got a one-week reprieve from the Trump administration’s download ban on the popular short-form video app.The announcement came after President Trump gave his “blessing” to a multiparty deal under which TikTok will become majority-owned by a group of U.S.

TikTok is here to stay!

Todd Spangler NY Digital EditorOracle said it will take a 12.5% stake in the new TikTok Global, a U.S.-based entity formed from the Trump administration’s demand that the popular video app’s Chinese parent company, ByteDance, divest its U.S.

Wall Street Journal.On Friday, the U.S. Department of Commerce previously announced that app downloads of TikTok and WeChat would be blocked in the U.S.

Todd Spangler NY Digital EditorPresident Trump said he approved in principle the deal under which Oracle and Walmert would receive ownership stakes in Chinese-owned app TikTok. His remarks come a day before his administration’s ban on TikTok app downloads in the U.S.

Bruce Haring pmc-editorial-managerAs a deadline loomed for TikTok to shut down its US operations, President Donald Trump said Saturday he has agreed in concept to a deal under which Chinese-owned app TikTok can continue.Trump said a partnership with Oracle and Walmart that will make the video-sharing company and its data US-based has won him over.“I have given the deal my blessing, if they get it done, that’s okay too, if they don’t, that’s fine too,”  Trump told reporters at the White House on

Todd Spangler NY Digital EditorThe complex wrangling over what happens next to TikTok — which has become a geopolitical football punted around by the Trump administration — continues apace.As a separate entity TikTok, the popular short-form video app, would file for an initial public offering on a U.S.

report the news. It’s unclear which U.S.

Eli Countryman McDonald’s staffers unfamiliar with the slang of “Sicko Mode” got schooled on all things Travis Scott as the rapper’s branded meal continues to sell swiftly coast-to-coast.

On Sept. 13, TikTok user Eliana Ghen posted a video — which hit 1.5 million views — where she screamed into the camera, “TikTok sold, you guys! That means we’re not going anywhere!” Technically, TikTok owner ByteDance isn’t planning to sell the popular app.

TheWrap reported in late August, Oracle moved into the lead to takeover TikTok’s U.S.

Emmy Awards this weekend. HBO's limited series Watchmen, which explores the legacy of white supremacy and systemic racism in America, a subject that has only become even more relevant since the show aired, ended up the big winner this year, walking away with four awards, including the top prize, Program of the Year.