TikTok, the world’s largest short-form mobile video platform, has been one of the most popular social media apps in the world. With over 800 million active users worldwide, it has been the go-to destination for people to share and discover new content.
Recently, TikTok was acquired by Oracle and Walmart in a deal that valued the company at $80 billion. Oracle and Walmart combined their $30 billion bid to outbid Microsoft, who had offered $50 billion for TikTok’s US operations.
The deal was seen as a win-win situation for both Oracle and Walmart as they were able to purchase a stake in an extremely valuable company while also providing stability to its users. It was also seen as a win for ByteDance, TikTok’s parent company, as they were able to retain control of the platform while receiving a significant sum of money from the acquisition.
However, one question that has remained unanswered is how much did Oracle and Walmart give to ByteDance in return for their stake in TikTok? According to reports, Oracle and Walmart have paid an estimated $12 billion in cash and stock for their stake in TikTok.
This includes $5 billion from Oracle and $7 billion from Walmart. The remaining amount of approximately $18 billion was given as part of a “technology licensing agreement” between ByteDance and Oracle/Walmart.
This amount is significantly lower than what Microsoft had offered but it does appear to be fair considering that ByteDance retains control over its own platform while still receiving a substantial sum of money from the acquisition.
The acquisition of TikTok by Oracle/Walmart is seen as an important milestone for both companies as it gives them access to an incredibly popular social media platform with huge potential for growth. It also signals their commitment to investing in technology companies that can provide them with long-term value.
In conclusion, despite Microsoft’s higher bid, Oracle and Walmart paid an estimated total of $30 billion Dollars (including cash and stock) for their stake in TikTok – with ByteDance receiving roughly $12 billion Dollars outright – indicating that this was a fair deal overall despite not being the highest offer on the table.How Much Did They Give To Original TikTok?Oracle & Walmart gave an estimated total of $30 Billion (including cash & stock)for their stake in TiK Tok with ByteDance receiving roughly $12 Billion outright.
10 Related Question Answers Found
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ByteDance, the parent company of popular video-sharing platform TikTok, is one of the world’s most valuable startups and has a current estimated value of $75 billion. The company was founded by Zhang Yiming in 2012 and is headquartered in Beijing, China. Zhang Yiming is the founder and CEO of ByteDance and holds a significant stake in the company.
TikTok has become one of the most popular social media platforms in recent years, and it’s been an excellent way for people to show off their creativity. It’s also become a great way to make money. A lot of people are wondering how much money they can make from gifts on TikTok.
TikTok is a popular social media platform where users can create, share, and consume videos. It has become one of the most popular platforms in recent years and has grown to become a major player in the digital entertainment industry. But how much do you get paid from TikTok?
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TikTok has become one of the most popular social media platforms in the world, and many people are wondering if they can make money by using it. While there is no guaranteed way to make money on TikTok, there are a few ways that people can earn some cash from the platform. The most popular way to make money on TikTok is through sponsorships and brand deals.
