report the news. It’s unclear which U.S. exchange TikTok Global would be listed on, but the tech-heavy Nasdaq would appear to be the favorite.Oracle’s bid to become TikTok’s “trusted technology partner” in the U.S.
is currently being reviewed by federal officials. If the deal gets the green light, Treasury Secretary Steve Mnuchin said earlier this week it would lead to a new wing of the company dubbed TikTok Global. (TikTok is owned by Beijing-based ByteDance.) The deal would also lead to about 20,000 new American jobs, Mnuchin said.Also Read: TikTok-Oracle Deal Could 'Open Up the Floodgate' For Ad DollarsWhether or not Oracle’s bid is approved by the government is hanging in the balance right now, though.
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