In the News: TikTok Oracle Partnership; China-EU Investment Talks; and Goldman Sachs JV

September 14, 2020 | BY

Vincent Chow

TikTok drops U.S. sale, to partner with Oracle instead; China, EU investment treaty talks enter critical phase; and Goldman Sachs to take full control of securities JV

ByteDance abandons U.S. sale of TikTok

TikTok owner ByteDance is no longer looking to sell the video-sharing app to an American company. According to Reuters, the Chinese technology giant is instead looking to partner with U.S. technology giant Oracle Corp. in the hopes that doing so will satisfy both Beijing and the White House.

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