What implications does the planned IPO have for the ownership stakes in ByteDance?
Oracle Deal for TikTok Is Now in Doubt
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Business, Social Studies
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The transcript discusses the complexities of a potential deal involving Oracle, ByteDance, and Walmart, with Donald Trump's approval hinging on national security and American ownership concerns. The deal's structure includes a 20% stake for Oracle and Walmart, with ByteDance retaining 80%. However, Trump's demand for total control by Oracle and China's national security concerns complicate the situation. The outcome remains uncertain, influenced by political optics and the upcoming election.
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In what ways does the deal need to appeal to Donald Trump's political agenda?
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