Report: Oracle has taken the lead position to acquire TikTok and is offering $10B in cash, $10B in stock, and 50% of TikTok's annual profit to ByteDance (Shakeel Hashim/Protocol)
Report: Oracle has taken the lead position to acquire TikTok and is offering $10B in cash, $10B in stock, and 50% of TikTok's annual profit to ByteDance — The Wrap reports that Oracle is offering $10 billion in cash, $10 billion in Oracle stock, and an agreement that 50% of TikTok's profit will go to ByteDance.
via Techmeme
Report: Oracle has taken the lead position to acquire TikTok and is offering $10B in cash, $10B in stock, and 50% of TikTok's annual profit to ByteDance (Shakeel Hashim/Protocol)
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August 27, 2020
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