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5 Things to Know About Oracle and Walmart's TikTok Deal

TheMotleyFool

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5 Things to Know About Oracle and Walmart's TikTok Deal

Last month, President Donald Trump issued an executive order to ban the popular short video app TikTok in the U.S., claiming its Beijing-based parent company posed a threat to national security. The order forced ByteDance to negotiate a potential sale of TikTok's U.S. business to Microsoft (NASDAQ: MSFT) or Oracle (NYSE: ORCL).

However, ByteDance recently ended its talks with Microsoft and agreed to partner with Oracle and Walmart (NYSE: WMT) instead. President Trump has seemingly given the deal his "blessing," but the details have yet to be finalized.

Here are the five key things we know so far about this deal.

Source Fool.com

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