Microsoft`s shares fell slightly on Monday before the opening of trading due to the news of the failure the deal of buying the popular application TikTok in Chinese ByteDance.
Through the support of the deal by President Donald Trump, Shares of Oracle, which is considered №1 candidate of buying TikTok increased by 10% before the opening of trading on Monday.
In early August, Microsoft announced its intention to acquire the TikTok’s business in the United States, Canada, Australia and New Zealand, without disclosing the potential cost and terms. Media reported that the application with 175 million users in the United States and about 1 billion worldwide, is valued at about $ 25 billion. Oracle and Walmart have also expressed interest in acquiring the TikTok.
This was preceded by promises of the US President Donald Trump to block money transactions in TikTok, WeChat and, in general, to ban the Chinese programs and companies operating in the country, referring to the motives for the protection of national security and the security of confidential data of American users. In response, TikTok’s management filed a lawsuit against the US government.
The White House has called September 20 a deadline for ByteDance to announce its plans to sell TikTok in the United States, otherwise, the application will be banned on September 29, the deadline for the completion of the agreement is required by November 12.
On Sunday, Microsoft said: “ByteDance told us today that they will not sell TikTok’s business in the United States to Microsoft. We believe that our proposal would be good for users of TikTok, protecting the interests of national security. We would make significant changes to ensure that the service meets the highest standards of security, confidentiality and the fight against misinformation, and we have clearly set out these principles in our August statement. We look forward to how the service will develop in these important areas. ”
Therefore, Oracle is the preferred candidate for the purchase of TikTok, although the company does not comment on their negotiations.
Analysts note that the agreement between Oracle and TikTok would be better because opposite of the Microsoft’s offer, looks more like a corporate restructuring than an outright takeover. Although Oracle is not as big as Microsoft, the company will be able to offer a cloud infrastructure that TikTok could rely on when operating in the United States.
In addition, President Donald Trump called Oracle a good candidate for buying TikTok which suggests that such an agreement is likely to be approved by the US authorities.
The terms of the agreement remain in question, and the position of the Chinese government, which two weeks ago tightened government restrictions on technology exports. It is considered that the rules are aimed at delaying the sale of TikTok.
On Monday, China’s state-owned CGTN announced that ByteDance will not sell TikTok’s business in the United States to Microsoft or Oracle, nor will it provide source code to any of the U.S. buyers.
The United States plans to announce the readiness of the American vaccine against the coronavirus infection COVID-19 in the near future. The promise was made on Thursday by US President Donald Trump during the final round of election debates with the Democratic candidate Joe Biden at Belmont University in Nashville, Tennessee. This was reported by […]
Shares of the largest US pharmaceutical company Pfizer, down to 3.14% since the beginning of the year, rose to 3.83% on Friday on good news about its vaccine against the COVID-19. Currently, the mTNA candidate vaccine of BNT162b1, developed by Pfizer in the partnership with the German company BioNTech, the mechanism of the action of […]
Created by Bill Gates, Microsoft third time topped the annual ranking of the 100 most responsible US corporations. This was announced by Forbes on Wednesday, October 14. Also in the top five of the updated list, in addition to Microsoft, included only technological giants – NVIDIA, Apple, Intel Alphabet. “Forbes compiled the rating together with […]
Court of the United States in late Sunday night temporarily blocked ban by the administration of President Donald Trump on downloading the TikTok program. This was reported by Reuters on Monday, September 28. Considered, that that the ban was to take effect on Sunday at 23:59 local time (Monday at 6:59 Kyiv time). However, the […]
The American information technology giant of Microsoft intends to buy the creator and developer of games ZeniMax Media for $ 7.5 billion. “On Monday, Microsoft announced plans to acquire ZeniMax Media, parent company for Bethesda Softworks, one of the world’s largest private developers and game publishers … Under the terms of the agreement, Microsoft will […]
Beijing believes that the terms of the agreement of selling the US division of TikTok to Oracle and Walmart threaten China’s national security. According to Reuters, referring to the Chinese the Global Times, Beijing will not accept such conditions. At the same time, there has been no official government statement on the issue yet. The […]
After a sensational debut Snowflake on the NYSE on Wednesday, shares of the cloud storage and processing company are expected to fall ahead of trading on Thursday. Shares of Snowflake fell to 4.3%. Snowflake brought 28 million shares to the public market to raise $ 3.36 billion during the largest software IPO in history. Shares […]
US President Donald Trump has expressed dissatisfaction with the fact that under the terms of the agreement between ByteDance and Oracle, the Chinese company will retain a majority stake in the TikTok service, and Oracle will have a minority stake. This Trump said during the press briefing at the White House. Responding to the question […]
At the close of trading on the New York Stock Exchange on Monday, July 13, Tesla Inc. stock price fell to $1497 per share from a record $1794 recorded in the first hours after the trading opened. Consequently, the company’s capitalization in just a few hours fell from $321 billion to $277 billion. Tesla’s previous […]Next
The Council of the European Union approved funding in the amount of 87.4 billion euro for the Member States in the form of the loans under the SURE – temporary EU instruments to reduce the risk of unemployment during the pandemic coronavirus COVID-19. This support should help for the Member States to finance sharp increase […]Next
Leaders of Ukrainian chemical holding Ostchem Holding AG appealed on December, 8 to the South City Court of Odessa region demanding to recover from the Odessa Portside Plant a debt owed to the company by force. On it informs Interfax Ukraine with reference to official sources. To confirm the legitimacy of this request, representatives of […]Next
Intel has received licenses from US regulators to continue supplying certain products to Huawei Technologies. The list of products is not specified. Due to the significant deterioration of relations between the United States and China, Washington is putting pressure on the governments around the world to oust Huawei from the market. The US government claims […]Next
Ferrari and Lamborghini announced the termination of official deliveries of its supercars on the territory of Ukraine in 2016 due to the unstable situation in the local market. This was announced by Victor Postelnikov the “Vipos” CEO who sell these models. “Because of the situation in the country, our market is not ready today to […]Next
The Hon Hai Precision Industry Co is the largest developer and supplier of electronics in Asia and is going to buy Japanese rival Sharp for $ 2.5 billion. This proposal is very beneficial for Sharp, because the amount that the Taiwanese firm offered for the transaction twice exceeds the market value of the company. At […]Next
The Primorsky District Court of Odessa arrested the property and the shares of the Odessa oil refinery of the prosecutor’s office suit and the application of the state enterprise Ukrtransnefteprodukt, which was all movable property of the refinery previously transferred to. This is stated in the judgments from 19 January. The arrest imposed on the […]Next
On September 14-18, the National Bank sold $ 71 million in currency on the interbank foreign exchange market. At the same time, the National Bank did not buy foreign currency in its international reserves during the reporting week. Therefore, the National Bank for the first time in the late July sold the currency on the […]Next
Vegetable fats have been repeatedly found in butter produced in the SE “Starokonstantinovsky dairy factory”. This is confirmed by the state of research in 2012-2014. The Antimonopoly Committee has fined SE “Starokonstantinovsky Dairy Plant”, which belongs to the largest Ukrainian manufacturers, the Ukrproduct Group company. The fine amounts to 790.3 thousand UAH. This was reported […]Next
On January 9, 2017 IFC’s international financial institution, which is a part of the World Bank, has approved the allocation of funds in the amount of $ 37 million for the construction of a grain terminal in the merchant sea port “Yuzhnyi” in Odessa region. At the moment, the parties are waiting for the signing […]Next
Analytical Internet edition Ars Technica has published an updated list of representatives of IT-business, who will be under the threat of extinction in the new 2017 year. At this time, the list is made up of 7 contenders. Among them are: the social network Twitter, the search engine Yahoo, Messenger Yik Yak, medical startup Theranos, […]Next
The territory of the People’s Republic of China occupies the third place by area (after Russia and Canada, then the USA follows the PRC). However, it is in the first place in terms of population of more than 1.404 billion, leaving behind India (more than 1.377 billion) and the USA (more than 331 million). There […]Next
According to the statement of the new management of the Creative company was opened a criminal proceeding for illegal withdrawal of the group’s assets. It is reported by the “Ukrainian News”. In February 2016 Holosiivskyi District Court of Kiev ordered the freezing of assets of the companies “Protein-Production”, “League” and “Yagotynske HPP”. Seizure of assets […]Next
The State Property Fund of Ukraine representative informed that 99,99% of Ukrainian Bank for Reconstruction and Development (UBRD) had been sold to Bohai Commodity Exchange within the auction second round. The State Institution posted this information on the official web-site. The transaction value consists 82,8 million UAH. The asset’s cost of Ukrainian bank was underestimate […]Next
The “Billa-Ukraine” Company was restrainted the exploitation of the ground floor of an apartment house №27 on the Chornovil street in Kyiv, where on April 27, 2016 the opening of the supermarket was planned. This decision was concluded by the Shevchenko district court on April 21. As reported the initiative group of the residents, the […]Next
Real estate market is one of the most development in the modern Ukrainian economy. We have mentioned about this topic on the LDaily pages, have analysed the main tendencies and provide the information about judicial aspects of interrelations formation with the builder within our special Construction scram project to our readers. Today we propose to […]Next