Oracle Is Clear Winner in Deal for TikTok, Ives Says

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  • Bloomberg Technology published this video item, entitled “Oracle Is Clear Winner in Deal for TikTok, Ives Says” – below is their description.

    Sep.16 — Dan Ives, Wedbush Securities managing director, says Oracle is the clear winner in the deal to take over TikTok’s U.S. operations. He also talks about U.S. regulators possibly investigating Facebook. Ives appears on “Bloomberg The Open.”

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    In This Story: TikTok

    TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.

    ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service on 2 August 2018.

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