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Quibi reportedly weighs selling itself less than 6 months after launching

Quibi, a star-studded mobile streaming service, is exploring strategic options including a possible sale less than six months after its launch in April, according to a report by The Wall Street Journal. It is also considering raising more money or going public through a merger with a specially formed company that could help it fund deals, the report added, citing …

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TikTok

A deal for Oracle and Walmart to acquire stakes in the US operations of popular video app TikTok appeared in jeopardy as details of the complicated arrangement were disputed. President Donald Trump said on Monday that he would revoke his initial approval of the deal if ByteDance, the Chinese company that owns TikTok, retained a stake in a newly created company that would house the US …

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