Technology • Internet & Web
2020-09-20T09:47:34+00:00

Revised terms for Oracle's TikTok bid accepted by both companies

Revised terms for Oracle's TikTok bid accepted by both companies
Credit: Illustration: Pendect, Logos TikTok & Oracle (Creative Commons Attribution ShareAlike 4.0)

A revised term sheet by the United States Secretary of the Treasury Steven Mnuchi has been accepted by Oracle and the TikTok owner Bytedance.

The approval of the United States and the Chinese governments are for the deal are still pending.

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Card reviewed by: @ericof