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TEXXR

Chronicles

The story behind the story

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Sources: General Atlantic and Sequoia Capital, two top investors in ByteDance, are key drivers in Oracle's bid for TikTok; Twitter's bid has made little headway

Investment firms with large existing stakes in ByteDance pursue deal for app's U.S. operations, as potential alternative to Microsoft

Wall Street Journal

Discussion

  • @newley Newley Purnell on x
    General Atlantic and Sequoia Capital — two investment firms with large stakes in ByteDance, TikTok's Beijing-based parent — are seeking a deal with Oracle as an alternative to Microsoft, @RolfeWinkler @miriamgottfried @CaraRLombardo report: https://www.wsj.com/... via @WSJ
  • @jchengwsj Jonathan Cheng on x
    @RolfeWinkler @miriamgottfried “Paying a fire-sale price could pose a risk for Microsoft, which has a sizable business in China, ...by potentially...inflaming sentiment in China, where talk of a forced sale and the U.S. government taking a cut from the transaction has been critic…
  • @aatilley Aaron Tilley on x
    Confused by Oracle's bid to buy TikTok? ByteDance investors are scared Microsoft's going to cut them out of the TikTok deal, so they brought out Oracle https://www.wsj.com/...
  • @jamesvgrimaldi @jamesvgrimaldi on x
    The firms behind the curtain: Who's really behind Oracle's bid for TikTok? General Atlantic and Sequoia Capital, the investment firms that hold large stakes in TikTok's Chinese parent company. https://www.wsj.com/...
  • @jchengwsj Jonathan Cheng on x
    The TikTok USA sweepstakes are getting complex as Sequoia Capital and General Atlantic, who each hold board seats at ByteDance, cast their lot with Oracle—but Microsoft is still the odds-on favorite, given the tight timeline. @RolfeWinkler @miriamgottfried https://www.wsj.com/...
  • @jbflint Joe Flint on x
    My contribution: Netflix was approached and said no faster than you can skip the opening credits and recap on an episode of You. https://www.wsj.com/...
  • @anthony Anthony DeRosa on x
    The two investment firms with large stakes in Bytedance, TikTok's Beijing-based parent: General Atlantic and Sequoia, seeking a deal with Oracle as an alternative to Microsoft https://www.wsj.com/...
  • @janschakowsky Jan Schakowsky on x
    It appears to me that @MarkZuckerberg's trips to Washington have been to undermine rivals and pander to Trump, not to address legitimate congressional concerns about privacy, content moderation, and competition. https://www.wsj.com/...
  • @v_ness Vanessa Pappas on x
    TikTok allows diverse voices a platform for open, creative expression. Today we seek to protect the rights of our community and our company. We have filed suit in federal court to block the Administration's efforts to ban TikTok in the US. Learn more: https://newsroom.tiktok.com/…
  • @bsindia @bsindia on x
    “We do not take suing the government lightly but with the Executive Order threatening to bring a ban on our US operations ... we simply have no choice,” TikTok said #DonaldTrump #TikTokban https://www.business-standard.com/ ...
  • @tomcottonar Tom Cotton on x
    It's outrageous for a tech firm ultimately under the sway of the Chinese Communist Party to wage lawfare against the American people in our courts. https://www.nytimes.com/...
  • @tiktok_comms @tiktok_comms on x
    Today we are filing a complaint in federal court challenging the Administration's efforts to ban TikTok in the US. As a company we have always focused on transparency, so we want to explain why we are taking this step. https://newsroom.tiktok.com/ ...
  • @taylorlorenz Taylor Lorenz on x
    TikTok filed its lawsuit against the Trump Administration, citing lack of due process when Trump used emergency economic powers to issue an executive order banning the app https://www.nytimes.com/...
  • @alexweprin Alex Weprin on x
    Wow TikTok's growth in the U.S. has been explosive. Had less than 40M active users in Oct. last year, now it has over 100M. https://www.cnbc.com/...
  • @pkafka Peter Kafka on x
    There are 330 million people in America. So ~ one in 3 of them has downloaded TikTok and uses it at least once a month? I understand it's very popular! Especially with the young folks. Still don't get this number though. https://twitter.com/...
  • @sam_l_shead Sam Shead on x
    TikTok says it had about 55m global users by Jan. 2018. That number grew to more than 271m by Dec. 2018 and 507m by Dec. 2019. This month, TikTok surpassed 2bn global downloads and reported nearly 700m monthly active users in July https://www.cnbc.com/...
  • @mattzeitlin Matthew Zeitlin on x
    This denies a claim — “policy makers only care about TikTok because Zuckerberg told them to” — that the story did not make https://twitter.com/...