Walmart and Oracle support Trump’s idea for TikTok “education fund”

Walmart has agreed to back an education fund as part of a deal between the retailer and Oracle to partner with Chinese-owned video-sharing app TikTok, according to a source familiar with the matter.

The financial contribution will come from the new company, which is to be called TikTok Global, that emerges from the unusual transaction. The arrangement will allow the app to continue operating in the U.S. after the Trump administration threatened to ban it over national security concerns. Yet to be decided is how large of a contribution Walmart and Oracle would sign off on to the fund and how it would be used. 

Walmart and Oracle are looking to take a stake of up to 20% of TikTok Global. TikTok’s current owner, Beijing-based ByteDance, and possibly its investors, would get 80% of the newly formed U.S.-based entity that will be the new official owner of the popular

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ByteDance kicks ball into Trump’s court by rejecting Microsoft and picking Oracle to partner with TikTok in the US



a man standing in front of a building: The TikTok logo is displayed in front of the short video-sharing app operator’s office in Culver City, California, on August 27. Photo: Agence France-Presse


The TikTok logo is displayed in front of the short video-sharing app operator’s office in Culver City, California, on August 27. Photo: Agence France-Presse

Oracle Corp has won the race to secure TikTok’s American operations, according to multiple reports citing people familiar with the talks, after main rival Microsoft Corp said its offer for the video app had been rejected.

ByteDance’s reported acceptance of Oracle as the operator of TikTok in the US is the culmination of an intensive power play by a number of heavyweight technology companies and their investment backers, the White House and Beijing over the past few weeks.

But the future in the US for the video-sharing app, which has been a viral hit among youngsters globally, remains unclear until it is known for certain that the proposed ByteDance-Oracle partnership will persuade the Trump administration to drop its ban, according to analysts and experts.

Get the

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Oracle Takes on Tech Skills Gap with Free Training

Every day we hear more about the IT skills gap afflicting companies around the world. As more businesses seek to accelerate their own digital transformations, many are finding it difficult, often even impossible, to find people with the right skillsets in cloud computing, business applications, software development—you name it. That is a major problem not just for individual companies but for the economy at large.

The issue is understandable in that technology is changing so fast that it’s hard for businesses and their employees to keep pace.

To address this critical need, Oracle University just launched an initiative to train business professionals on more than 50 technology job roles that are important to nearly every company. The new Oracle Learning Explorer program offers free entry-level training to help businesses and their employees cultivate IT skills across Oracle’s entire product stack, including: Oracle Cloud Infrastructure, Autonomous Database, HCM, ERP, DevOps, and

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