Ty Roush is a breaking news reporter based in New York City. Larry Ellison became the third-richest person in the world again on Friday, passing Amazon’s Jeff Bezos, as Oracle’s shares rose after ...

TikTok’s top executive announced to employees that ByteDance, the social-media juggernaut’s parent company, has signed deals to create a U.S. joint venture majority-owned by U.S. companies, Bloomberg ...

TikTok on Thursday signed a deal to spin off its U.S. business, bringing to a close a months-long saga to keep the popular social media app available in the U.S. Nearly 50 percent of the assets — or ...

SAN FRANCISCO(AP) — TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture, ensuring the popular social video platform can ...

TikTok’s chief executive told employees today that the company has signed agreements that will ensure it can continue operating in the U.S. In a memo, TikTok’s chief executive, Shou Zi Chew, said that ...

Oracle has pledged to do everything it can to preserve its investment-grade rating, as the cloud computing provider seeks to assuage increasing nervousness over the gargantuan amounts of debt it is ...

TikTok has signed a deal to spin-off its U.S. operations to a group controlled by mostly American investors, including software giant Oracle, a company run by billionaire Trump ally Larry Ellison.

SAN FRANCISCO -- TikTok has signed a deal to sell its U.S. business to three American investors - Oracle, Silver Lake and MGX - ensuring the popular social video platform can continue operating in the ...

Multiple media outlets, including the Associated Press, reported that ByteDance has reached an agreement with Oracle ORCL, Silver Lake, and Abu-Dhabi-based MGX to set up a joint venture for TikTok’s ...