TNB Tech Minute: Billionaire Plans Bid for TikTok’s U.S. Arm

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 15 May 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, Chinese electric vehicle maker BYD launches a new pickup truck. And Microsoft imposes climate requirements on suppliers. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	OCI is the single platform for your infrastructure, database, application development, and AI needs.
0:07.0	Do more and spend less like Uber 8 by 8 and DataBrix Mosaic.
0:12.0	Take a free test drive of OCI at Oracle.com
0:15.4	slash Wall Street.
0:18.6	Here's your Tn B Tech Minute for Wednesday, May 15th.
0:22.8	I'm Zoe Thomas for the Wall Street Journal.
0:25.8	Billionaire Frank McCourt says he's organizing a bid
0:29.3	to acquire Tik-Toc in the US.
0:31.9	The move comes weeks after a law was passed that could force the platform's
0:36.0	Chinese owner, Bight Dance, into a sale. McCourt is a real estate mogul and former owner of the
0:41.7	Los Angeles Dodgers. He said his Project Liberty state mogul
0:43.0	He said his project liberty initiative is working on building a consortium to buy the platform with
0:48.7	Investment Bank Guggenheim securities
0:51.3	Tik-Toc has filed a federal lawsuit challenging the constitutionality of the law
0:56.2	and Bight Dance has said it can't and won't sell its U.S. operations by the deadline.
1:01.7	Chinese automaker, BYYD has launched its first pickup truck.
1:06.0	It debuted the luxury plug-in hybrid in Mexico,
1:09.0	which is China's second largest market for auto exports.
1:13.4	The company didn't specify when deliveries would begin,
1:16.3	but said the vehicle will become available in other countries,
1:19.3	quote, in the near future.
1:21.2	BYD's the world's biggest maker of electric vehicles, and this was its first time
	...

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