TikTok Oracle Deal
                     TIKTOK ORACLE 
DEAL
INTRODUCTION
 U.S. President Donald Trump said he supports a deal 
that will allow TikTok to continue to operate in the 
United States, after threatening to ban the Chinese-
owned app in August.
Source: livemint.com
TIKTOK GLOBAL
 He backs the deal with TikTok owner ByteDance, 
Oracle and Walmart to create a new company that will 
assume TikTok's U.S. operations called TikTok Global.
Source: Hindustan Times
ORACLE AND WALMART
 Trump said that the new company will be totally 
controlled by Oracle and Walmart.
 All of the control will be under Oracle and Walmart.
Source: Daily Mail
SHARE MARKET
 U.S. shareholders are expected to control 53% of 
TikTok Global, a person briefed on the matter said, 
while Chinese investors will hold 36%.
Source: Daily Mail
TIKTOK GLOBAL PRE-IPO FINANCING 
ROUND
 TikTok said under the deal, Oracle and Walmart will take part in a 
TikTok Global pre-IPO financing round in which they can take up to a 
20% cumulative stake in the company.
 The source said the remaining 80% of shares will be distributed to 
ByteDance investors.
Source: NDTV Gadgets
RESOLVE THE SECURITY CONCERNS
 Tiktok pleased that the proposal by TikTok, Oracle, and 
Walmart will resolve the security concerns of the U.S. 
Administration and settle questions around TikTok's 
future in the U.S.
Source: The Hindu
TRUSTED TECHNOLOGY PROVIDER
 Tiktok said that Oracle will become the company's trusted technology provider, 
responsible for hosting all U.S. user data and securing associated computer systems 
to ensure U.S. national security requirements are fully satisfied.
Source: TechPcvipers
CREATE JOBS
 The deal will enhance the employment rate as Trump offered strong 
support for the deal he said would create 25,000 U.S. jobs. 
 About 100 million Americans use TikTok and U.S. officials have 
expressed concern about user data and the potential for China to 
access that data.
Source: BBC
EXPERT ON THE BOARD
 TikTok Global will have a majority of American directors, a U.S. chief 
executive and a security expert on the board.
 Oracle and Walmart are expected to take significant equity stakes 
and ByteDance has agreed to significant security safeguards on the 
data of U.S. 
Source: WION
EDUCATION FUND AS PART OF THE 
DEAL
  Trumph said that here would be a $5 billion U.S. education fund 
as part of the deal.
 company will most likely be incorporated in Texas and have at 
least 25,000 employees.
Source: livemint.com