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Trump Says He's Spoken To ‘Many People' About TikTok Sale—But Not Oracle

1. President Trump denies talks with Oracle about buying TikTok. 2. Oracle seeks significant stake in TikTok amidst ongoing negotiations. 3. ByteDance values TikTok at $200 billion amid U.S. sale requirements. 4. Trump's administration is pushing to minimize Chinese ownership of TikTok. 5. Potential buyers include Microsoft and various investors, adding to competition.

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FAQ

Why Bullish?

Oracle's involvement with TikTok may enhance its growth prospects, similar to past tech acquisitions.

How important is it?

The article highlights Oracle's potential involvement in a high-stakes acquisition, affecting its market position.

Why Short Term?

The TikTok situation is rapidly evolving; near-term results are expected.

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