Tag: TikTok

TikTok is the global sponsor of UEFA EURO 2020

Business Metrics
UEFA EURO 2020

TikTok is the global sponsor of UEFA EURO 2020   Short-form mobile video app TikTok has been announced as a Global Sponsor of UEFA EURO 2020. This is the first time a digital entertainment platform has sponsored a major international tournament for UEFA and represents an exciting step for both TikTok and UEFA, bringing a new kind of partner to UEFA EURO 2020. Through its partnership with UEFA, TikTok is looking to cement its reputation as the home for football fans to share their passion for the game. As an…

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TikTok rival, Triller, explores a SPAC deal to go public

Banjo Olaniran

Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter. The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban…

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Confusion: Fog hanging over Oracle-TikTok acquisition deal

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ByteDance

Just a few hours after the news broke that the much anticipated acquisition of TikTok’s US operation has ended in favour of Oracle, contrasting facts have emerged to create a bewildering understanding of the deal. Earlier reports showed that Microsoft, another big bidder against Oracle, was already out of the game with claims that its proposal had been rejected. In contrast to this notion however, China’s state broadcaster, CGTN, reported that ByteDance will not sell TikTok’s U.S. operations to Microsoft or Oracle, citing sources. ByteDance, the world’s most valuable startup…

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How Oracle defeat Microsoft to Acquire TikTok’s US operations

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oracle acquire tiktok

Enterprise provider Oracle  is said to have won the bidding war for the U.S. operations of TikTok, a chase in which Microsoft was booted from earlier today. A TikTok  spokesperson said the company would not comment on rumors or speculation. Oracle did not immediately respond to media request for comment either. The Wall Street Journal writes that Oracle, a rare ally of the Trump administration in Silicon Valley, will be announced as TikTok’s “trusted tech partner” in the United States. Additionally, the Journal cites that a person familiar with the…

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TikTok Faces $9.5m Copyright Charges

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UEFA EURO 2020

Agency Report Vietnamese tech company VNG sued TikTok Inc. for allegedly using music from its unit Zing without permission and is seeking compensation of 221.5 billion dong ($9.5 million), according to a lawsuit filed at the People’s Court of Ho Chi Minh City. VNG asked TikTok to remove all videos on its app and website containing music taken from Zing, according to the lawsuit, which was submitted to the court May 28. More than 11 million TikTok videos contain audio from Zing, it said. TikTok’s Vietnam media agency said in…

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