Oracle & Walmart say American investors will control more than 50% of the new TikTok Global. But this is at odds with ByteDance’s insistence that the company will get a 80% stake.
The new entity has agreed to donate $5 billion to an education fund, which Trump said would satisfy his demand that the government receive a payment from the deal.
Despite Oracle Chairman Larry Ellison’s backing for Trump, there’s no guarantee the separation of TikTok from ByteDance will be clean enough to pass White House muster.
The entry of Oracle could challenge Microsoft’s bargaining position, as the Redmond-based company had been the only party to publicly confirm it was in talks with ByteDance.
New Delhi’s new modus operandi vis-à-vis responding to Pakistan undermines Islamabad’s asymmetric nuclear posture, particularly its battlefield nuclear weapons.
On Wednesday, Washington imposed 126% on Indian solar imports, saying New Delhi unfairly subsidised manufacturing. Analysts say this could shut exporters out of the US market.
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