Business & FinanceDealsTechnology

Reuters ahead with Bytedance picking Oracle for TikTok’s U.S. operations

Reuters was six minutes ahead of the competition on Sept. 13 with news that Bytedance had picked Oracle as winning bidder for TikTok’s U.S. operations. ByteDance has been in talks to sell TikTok’s U.S. busines to potential buyers since U.S. President Donald Trump threatened to ban the service if it was not sold.

Market Impact

Oracle’s share price jumped 8% the next trading day.

Article Tags
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters News First
Sectors: Equities
Regions: AsiaNorth America
Win Types: Speed
Media Types: Text
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