Oracle and Walmart have agreed to acquire a 20% stake in TikTok’s global business as part of a pre-IPO financing round. Oracle will be owning about a 12.5 percent stake in the company while Walmart CEO Doug McMillon will join the company’s board.
A US judge has blocked Donald Trump's executive order banning WeChat in the United States. In issuing the preliminary injunction, Judge Laurel Beeler wrote that the plaintiffs, a group of US-based WeChat users, had shown "serious questions" in their claim that the executive order threatens the users' First Amendment rights.
China has implemented its “unreliable entities list” in retaliation against the U.S., which has used its own “entity list” to shut Huawei out of the U.S. market, while also attacking TikTok and WeChat.
The U.S. Department of Commerce announced Friday morning that downloads of video app TikTok and messaging app WeChat will be banned in the U.S. from Sunday (Sept 20). If a deal is not struck by 12 November, the app will be fully banned, and using as well as downloading the app will be illegal.
Ericsson, Qualcomm and U.S. Cellular have successfully achieved the first extended range 5G NR millimeter Wave (mmWave) data call in the U.S. on a commercial network.
TikTok owner Bytedance has chosen Oracle as the technology partner to acquire TikTok's U.S. operations, following Microsoft's statement that it had been rejected by ByteDance as a buyer.
On August 31, US Customs and Border Patrol (CBP) officers seized 2,000 counterfeit Apple Airpods from Hong Kong destined for Nevada at an air cargo facility located at John F. Kennedy International Airport. They were so proud of the capture, they issued a press release on September 11.
Apple countersued Epic Games on Tuesday, claiming the company breached a contract when it introduced a new in-app payment system within the popular video game Fortnite. Apple asked U.S. District Judge Yvonne Gonzalez Rogers for punitive damages and to block Epic from continuing what it calls unfair business practices, in the escalating skirmish between the two companies
Samsung said on Monday it had won a US$6.64 billion order to provide wireless communication solutions to Verizon in the United States, a major win for the firm in the next-generation 5G network market.
The United States Department of Defense (DoD) has completed a comprehensive re-evaluation of its $10bn Joint Enterprise Defense Infrastructure Cloud (JEDI) cloud computing contract proposals and determined that Microsoft's submission still represents the best value for the government.
A three-judge panel in California has ruled that Apple Store staff should be paid for time spent waiting to undergo the company's bag checks, in the the latest turn in a class action Apple has been battling for seven years, fending off retail workers that asked to be paid for up to 45 minutes spent at the end of their shift waiting to be searched.
Walmart and Microsoft are teaming up in a bid to acquire TikTok, in a deal that would give the retail company a key technology to reach younger shoppers and build out its third-party marketplace and advertising business.
