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REDWOOD SHORES, California and BENTONVILLE, Arkansas, Sept. 21, 2020 /PRNewswire=KYODO JBN/

The President has announced that ByteDance has received tentative approval for

an agreement with the U.S. Government to resolve the outstanding issues, which

will now include Oracle and Walmart together investing to acquire 20% of the

newly formed TikTok Global business.

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As a part of the deal, TikTok is creating a new company called TikTok Global

that will be responsible for providing all TikTok services to users in United

States and most of the users in the rest of the world. Today, the

administration has conditionally approved a landmark deal where Oracle becomes

TikTok's secure cloud provider.

TikTok Global will be majority owned by American investors, including Oracle

and Walmart. TikTok Global will be an independent American company,

headquartered in the U.S., with four Americans out of the five member Board of

Directors.

All the TikTok technology will be in possession of TikTok Global, and comply

with U.S. laws and privacy regulations. Data privacy for 100 million American

TikTok users will be quickly established by moving all American data to

Oracle's Generation 2 Cloud data centers, the most secure cloud data centers in

the world.

Based on decades of experience securing the world's most sensitive data,

Oracle's Generation 2 Cloud fully isolates running applications and responds to

security threats autonomously. This unique technology eliminates the risk of

foreign governments spying on American users or trying to influence them with

disinformation.

In addition to its equity position, Walmart will bring its omni-channel retail

capabilities including its Walmart.com assortment, eCommerce marketplace,

fulfillment, payment and measurement-as-a-service advertising service.

TikTok Global will create more than 25,000 new jobs in the Unites States and

TikTok Global will pay more than 5 billion in new tax dollars to the U.S.

Treasury.

TikTok Global, together with Oracle, SIG, General Atlantic, Sequoia, Walmart

and Coatue will create an educational initiative to develop and deliver an

AI-driven online video curriculum to teach children from inner cities to the

suburbs, a variety of courses from basic reading and math to science, history

and computer engineering.

TikTok Global will have an Initial Public Offering (IPO) in less than 12 months

and be listed on a U.S. Exchange. After the IPO, U.S. ownership of TikTok

Global will increase and continue to grow over time.

With this agreement, TikTok Global will able to continue to provide a hundred

million Americans with access to the social network they love, and spark much

needed competition in the market for social networks.

About Oracle

The Oracle Cloud offers a complete suite of integrated applications for Sales,

Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing,

plus Highly Automated and Secure Generation 2 Infrastructure featuring the

Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL),

please visit us at www.oracle.com.

About Walmart

Walmart Inc. (NYSE: WMT) helps people around the world save money and live

better - anytime and anywhere - in retail stores, online, and through their

mobile devices. Each week, over 265 million customers and members visit

approximately 11,500 stores under 56 banners in 27 countries and eCommerce

websites. With fiscal year 2020 revenue of $524 billion, Walmart employs over

2.2 million associates worldwide. Walmart continues to be a leader in

sustainability, corporate philanthropy and employment opportunity. Additional

information about Walmart can be found by visiting corporate.walmart.com (

https://c212.net/c/link/?t=0&l=en&o=2922605-1&h=2603414222&u=https%3A%2F%2Fcorporate.walmart.com%2F&a=corporate.walmart.com

), on Facebook at facebook.com/walmart (

https://c212.net/c/link/?t=0&l=en&o=2922605-1&h=3831227379&u=http%3A%2F%2Ffacebook.com%2Fwalmart&a=facebook.com%2Fwalmart

) and on Twitter at twitter.com/walmart (

https://c212.net/c/link/?t=0&l=en&o=2922605-1&h=975793941&u=http%3A%2F%2Ftwitter.com%2Fwalmart&a=twitter.com%2Fwalmart)

.

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Other names may be trademarks of their respective owners.

SOURCE  Oracle

CONTACT: Deborah Hellinger, Senior Vice President, Oracle Corporate

Communications, (212) 508-7935, deborah.hellinger@oracle.com; Randy Hargrove,

Senor Director, National Media Relations, Walmart, 1-800-331-0085,

randy.hargrove@wal-mart.com