Who are the TikTok saga’s biggest winners?
As the race to control TikTok enters the final stretch, a White House-friendly tech giant seems to have carried the day
PRESIDENT DONALD TRUMP’S demand in August that ByteDance sell TikTok to an American firm set off a race for the Chinese firm’s trophy asset. Jockeying for the popular short-video app’s American business, with 100m users, was fierce. Microsoft seemed ahead, and got a late fillip when Walmart joined its bid. But the software-and-grocery duo was pipped to the post. On September 14th Oracle, a database firm, signalled it had brokered a deal.
This article appeared in the Business section of the print edition under the headline “Trump card”
Business September 19th 2020
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From the September 19th 2020 edition
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