Microsoft in talks to buy TikTok US business

[Bapun]

Software giant Oracle is in discussions with ByteDance to acquire popular social-video app TikTok, according to multiple reports. The Chinese internet company faces a looming mid-November deadline to divest TikTok’s U.S. assets under a Trump administration national-security directive.

Oracle is mulling an acquisition of TikTok’s U.S., Canada, Australia and New Zealand operations, as first reported by the Financial Times. Oracle is collaborating on the potential bid with U.S.-based investors in ByteDance, including VC firms General Atlantic and Sequoia Capital, per the FT report.

Oracle Reportedly Joins Hunt to Buy TikTok, Challenging Microsoft Bid

 

[Bapun]

TikTok is the latest social media platform to peel back the curtain on its efforts to fight hate speech. Since the beginning of the year, the company says it’s taken down more than 380,000 videos and 64,000 comments in the US for breaking its hate speech rules. TikTok has also banned more than 1,300 users as part of the policy.

TikTok has removed hundreds of thousands of videos for hate speech

 

[Bapun]

https://twitter.com/x/status/1298837114398875649

Source

 

[marvel44]

https://twitter.com/x/status/1299012365623726080

Source

 

[GJ mit]

ByteDance has abandoned the sale of TikTok in the United States to pursue a partnership with Oracle Corp ORCL.N that it hopes will spare it a U.S. ban while appeasing China, people familiar with the matter told Reuters.

Under Bytedance’s latest proposal, Oracle will be the firm’s technology partner and assume management of TikTok’s U.S. user data, sources told Reuters on Sunday. Oracle is also negotiating taking a stake in TikTok’s U.S. operations, they said.

ByteDance drops TikTok's U.S. sale, to partner with Oracle: sources