Confusion surrounded the terms and structure of a proposed deal to revamp the ownership structure of the short-video service TikTok, which is now a unit of China-based ByteDance, in response to White House security concerns.
Over the weekend, Oracle (ticker: ORCL) and Walmart (WMT) jointly announced that ByteDance had reached an agreement with the U.S. government intended to address the Trump administration’s security concerns about TikTok. The deal could give Oracle a 12.5% stake and Walmart a 7.5% stake in a company called...
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