Saturday, Jan 28, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Tech | Oracle Founder Donated 250k To Republican Graham Before Tiktok Deal

Oracle founder donated $250K to Republican Graham before TikTok deal

According to a report in The Verge on Saturday, US Federal Election Commission documents show that Ellison made the $250,000 donation on September 14.

By IANS
Published Date - 11:33 AM, Sun - 18 October 20
Oracle founder donated $250K to Republican Graham before TikTok deal

San Francisco: As the Cloud giant inched closer to win the TikTok deal in the US, Oracle CEO Larry Ellison donated $250,000 to a political action committee (PAC) supporting Senator Lindsey Graham’s (Republican-South Carolina) re-election campaign, the media reported.

According to a report in The Verge on Saturday, US Federal Election Commission documents show that Ellison made the $250,000 donation on September 14.

“The timing of the larger donation is also remarkable, coming mere hours after Oracle officially announced that it had been chosen as TikTok’s technology partner for its US operations, beating out Microsoft in a high-profile bidding process to save the popular video app,” the report claimed.

In a surprise move, Oracle and Walmart finally came together to save TikTok from the US ban, forming a new company called TikTok Global which will be headquartered in the US.

Oracle announced it was chosen as TikTok’s secure cloud provider and will become a minority investor with a 12.5 per cent stake.

Walmart said it has tentatively agreed to a purchase 7.5 per cent stake in TikTok and its CEO Doug McMillon would serve as one of the five board members of the newly-created company.

The parent company ByteDance will own the remaining 80 per cent of TikTok.

US President Donald Trump said he gave the deal his blessing. Senator Graham was reportedly pivotal in arranging the deal.

In an interview with Vanity Fair in August, Graham said that he personally called Trump to suggest that he find a US company to purchase the platform in order to remedy the administration’s concerns over the app’s relationship with China.

“If TikTok is saved, you can thank me,” he said.

Graham is currently locked in a tight race for reelection to the US Senate for South Carolina against Democratic opponent Jaime Harrison, the report said.

  • Follow Us :
  • Tags
  • Cloud giant
  • Corona Virus Deaths
  • Coronavirus
  • Coronavirus in India

Related News

  • Fire safety better than fire fighting

    Fire safety better than fire fighting

  • Luxury carpet brand Obeetee opens store in Hyderabad

    Luxury carpet brand Obeetee opens store in Hyderabad

  • People’s Plaza in Hyderabad comes to life with 13th edition of Grand Nursey Mela

    People’s Plaza in Hyderabad comes to life with 13th edition of Grand Nursey Mela

  • Telangana Raj Bhavan carries photographs of PM Modi on its website, deviates from tradition

    Telangana Raj Bhavan carries photographs of PM Modi on its website, deviates from tradition

  • TSRTC launches ‘AM2PM’ cargo service

    TSRTC launches ‘AM2PM’ cargo service

  • Telangana Governor courts controversy again

    Telangana Governor courts controversy again

Latest News

  • Opinion: China’s big problem

    7 hours ago
  • Editorial: Police reforms overdue

    8 hours ago
  • Rachakonda traffic police drive against faulty number plates fetches Rs 1.63 lakh

    8 hours ago
  • Delhi Police bust international gang of cyber crooks, had cheated 11,000

    8 hours ago
  • Fire breaks out in 8th floor of apartment in Secunderabad

    9 hours ago
  • New Zealand outplay India by 21 runs in first T20I

    9 hours ago
  • MLC K Kavitha appointed as National Guides Commissioner

    10 hours ago
  • All set for celestial wedding at Gudem temple

    10 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam