financetom
Business
financetom
/
Business
/
Oracle among firms to enable TikTok to continue operations in US, CBS News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Oracle among firms to enable TikTok to continue operations in US, CBS News reports
Sep 15, 2025 8:57 PM

Sept 15 (Reuters) - Oracle is among a

consortium of firms that would enable TikTok to continue

operations in the United States if a framework deal between the

U.S. and China is finalized, CBS News reported on Monday.

Reuters could not immediately confirm the report.

The precise structure of the deal was not clear, the report

said, adding that the deal will include multiple companies.

The White House, Oracle and TikTok did not immediately

respond to Reuters' requests for a comment.

U.S. and Chinese officials said earlier on Monday that

they have reached a framework agreement to switch TikTok to

U.S.-controlled ownership that will be confirmed in a Friday

call between U.S. President Donald Trump and his Chinese

counterpart Xi Jinping.

After a meeting with Chinese negotiators in Madrid, U.S.

Treasury Secretary Scott Bessent said a September 17 deadline

that could have disrupted the popular social media app in the

U.S. encouraged Chinese negotiators to reach a potential deal.

He said that deadline could be extended by 90 days to allow

the deal to be finalized, but declined to discuss any specifics.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Home Depot Partners With Uber Eats, DoorDash for Order Deliveries
Update: Home Depot Partners With Uber Eats, DoorDash for Order Deliveries
Jan 22, 2025
08:46 AM EST, 01/22/2025 (MT Newswires) -- (Updates with DoorDash ( DASH ) in the first paragraph.) Uber Technologies' ( UBER ) Uber Eats unit and DoorDash ( DASH ) said Wednesday they are partnering with Home Depot ( HD ) to allow their users to order products from the home improvement retailer's locations across the US. Financial terms were...
CTRL Group Prices $8 Million IPO
CTRL Group Prices $8 Million IPO
Jan 22, 2025
08:35 AM EST, 01/22/2025 (MT Newswires) -- CTRL Group said Wednesday it priced its initial public offering of 2 million ordinary shares at $4 per share for gross proceeds of $8 million. The company, a marketing and advertising services provider in Hong Kong, said the ordinary shares are expected to start trading on the Nasdaq under the symbol MCTR on...
PAR Technology Prices $100 Million Convertible Note Offering
PAR Technology Prices $100 Million Convertible Note Offering
Jan 22, 2025
08:47 AM EST, 01/22/2025 (MT Newswires) -- PAR Technology ( PAR ) said Wednesday it priced a $100 million private offering of 1% convertible senior notes due 2030, with closing expected on Jan. 24. The company said the notes are convertible into cash, stock, or a combination of both, with an initial conversion rate equivalent to about $97 per share....
Leidos Awarded $120 Million Contract for Cybersecurity, Cryptographic Key Management
Leidos Awarded $120 Million Contract for Cybersecurity, Cryptographic Key Management
Jan 22, 2025
08:45 AM EST, 01/22/2025 (MT Newswires) -- Leidos Holdings ( LDOS ) said Wednesday it won a contract to provide the Department of Defense, intelligence community, and civilian agencies with key management architecture and engineering and cybersecurity engineering support services. The Naval Information Warfare Center Pacific awarded the contract, which has a one-year base period of performance and a total...
Copyright 2023-2026 - www.financetom.com All Rights Reserved