Sen. Bernie Sanders blasted what he characterized as crony capitalism by President Trump, claiming that the Trump administration's deal making TikTok's U.S. business majority-owned by American ...

TikTok's last-minute deal to avoid a nationwide ban has invited criticism from Sen. Bernie Sanders (I-Vt.), warning that the platform's rescue hands even more influence to billionaire Larry Ellison ...

TikTok has signed a deal to spin-off its U.S. operations to a group controlled by mostly American investors, including software giant Oracle, a company run by billionaire Trump ally Larry Ellison.

Ty Roush is a breaking news reporter based in New York City. Larry Ellison became the third-richest person in the world again on Friday, passing Amazon’s Jeff Bezos, as Oracle’s shares rose after ...

The deal puts Trump and his allies “in charge of yet another driver of American culture,” said Brendan Bordelon in Politico. “At the forefront of TikTok’s new ownership structure” is Oracle, whose ...

TikTok's parent company, ByteDance, has agreed to sell a majority stake in its U.S. operations to avoid a national ban. A new joint venture will be formed with investors Oracle, Silver Lake, and MGX, ...

However, Larry Ellison does not actually “control” the TikTok U.S. joint venture or its content-recommendation algorithm. Oracle is one of several investors in the JV and holds a 15% stake. In ...