, Columnist
ByteDance Is Playing Chicken With Trump on TikTok
Attempting to keep control is a gambit that suggests the Chinese company feels confident.
This dance still has a few more steps to run.
Photographer: AFP/Getty Images
There have been enough leaks over the past few days to get a sense of what the TikTok-Oracle Corp. deal looks like. The details are revelatory, with two aspects in particular worthy of note.
First, TikTok parent ByteDance Ltd. would maintain majority ownership, leaving Oracle and other American partners collectively in a minority, Nick Wadhams and Shelly Banjo of Bloomberg News reported late Wednesday, citing people familiar with the matter. Secondly, Oracle would have full access to TikTok’s codebase, according to the report.