NEW YORK / WASHINGTON (Reuters) – TikTok is preparing for a legal challenge on Monday following President Donald Trump’s executive order banning transactions with the popular short video app and its Chinese parent ByteDance, according to people familiar with the case. PHILO PHOTO: US flags are seen near a TikTok …
Read More »Oracle goes into race to buy TikTok’s US operations: FT
FILE PHOTO: The Oracle logo is displayed in an office building in Irvine, California, USA June 28, 2018. REUTERS / Mike Blake (Reuters) – Oracle Corp. has held preliminary talks with TikTok’s Chinese owner, ByteDance, and has seriously considered buying the app’s operations in the United States, Canada, Australia and …
Read More »BP’s green energy goals will be difficult to meet
LONDON (Reuters) – BP (BP.L) will have to invest tens of billions of dollars over the next decades and may have to accept lower returns than it can get from oil if it is to meet its goal of becoming one of the largest innovative power generators in the world. …
Read More »Exclusive: ByteDance investors value TikTok at $ 50 billion in takeover bid – sources
NEW YORK / HONG KONG (Reuters) – Some investors in TikTok parent company ByteDance, seeking to take over the popular social media app, value it at around $ 50 billion, significantly more than its peers, like Snap. Inc (SNAP.N), according to people familiar with the matter. FILE PHOTO: Tik Tok …
Read More »Alibaba’s Jack Ma sells shares worth $ 8.2 billion, stakes drop to 4.8%: presentation
FILE PHOTO – Jack Ma, founder and CEO of China’s Alibaba Group, speaks in front of an image of SoftBank’s human robot called ‘pepper’ during a press conference in Chiba, Japan, June 18, 2015. REUTERS / Yuya Shino / Stock Image SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack …
Read More »