TikTok tipped for IPO with Oracle stake… if Trump approves

TikTok tipped for IPO with Oracle stake… if Trump approves

trump tiktokWhat’s going on with the TikTok acquisition or investment in the US… is what a lot of TikTok staff around the world are wondering, let alone the wider tech and music industries. The next few days are going to be crucial for the future of TikTok in the US, and there are some developments to report this morning.

CNBC reported yesterday that ByteDance is planning to take TikTok public with an IPO on a US stock exchange, with its new tech partner Oracle taking a “less than 20%” stake in the new company, with US retailer Walmart also taking a stake. The report suggested that the plans are contingent on the approval of President Trump and his administration, with a decision potentially coming later today.

The post TikTok tipped for IPO with Oracle stake… if Trump approves appeared first on Music Ally.

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