Oracle CEO Donates $ 250,000 to Lindsey Graham’s Re-election Campaign Hours Before TikTok Deal Unveiled

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A top executive at one of the nation’s leading tech companies donated $ 250,000 to a political action super committee (PAC) supporting Senator Lindsey Graham’s re-election campaign, as his company struck a coveted deal to become the American technology partner of TikTok.

Oracle CEO Larry Ellison has donated a quarter of a million dollars to Security is Strength PAC, which pays for ads supporting Graham in his run for re-election, The Verge reported.

The donation, described as unusually large for Ellison, was made on September 14 – just hours before Oracle announced it had been selected by Beijing-based social media platform TikTok as a cloud technology provider.

Oracle has avoided competition from Microsoft and a number of other high-profile bidders in order to back up the popular app, after President Trump pledged to ban it in the United States for sharing reasons. data, unless it’s sold by his China-based company. parent company, Byte Dance.

The Ellison Company deal was applauded by Treasury Secretary Steve Mnuchin, but also drew criticism from lawmakers on both sides of the political aisle. Dissenters said the arrangement still does not address concerns about ByteDance’s ties to the Chinese government.

Lesley Graham pictured above

Oracle CEO Larry Ellison has donated a quarter of a million dollars to PAC Security is Strength, which pays for ads supporting Graham in his run for re-election, The Verge reported.

The image above shows a receipt for Ellison's donation, as displayed on the Federal Election Commission website

The image above shows a receipt for Ellison’s donation, as displayed on the Federal Election Commission website

Graham would have been instrumental in securing the deal, although it is not clear whether he had any influence on the specific companies involved, according to The Verge.

In August, Graham told Vanity Fair he had personally called Trump to suggest that he find a U.S. company to buy the platform to address White House concerns about ByteDance’s ties to Beijing.

“Let Microsoft or someone buy it, put it in the hands of the Americans, and allow the platform to survive and thrive because a lot of people like it,” the senator told Trump during the ‘summer.

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

Oracle’s deal with TikTok was struck alongside Walmart, with the two companies coming together to form TikTok Global, which will be headquartered in Texas and could potentially create 25,000 new jobs.

As part of the deal, parent company ByteDance will still own 80% of the app. But since ByteDance is 40% owned by American investors, the new TikTok Global will technically be predominantly American.

As part of the deal, parent company ByteDance will still own 80% of the app. But since ByteDance is 40% owned by American investors, the new TikTok Global will technically be predominantly American.

Oracle announced that it had been chosen as TikTok’s secure cloud provider and would become a minority investor with a 12.5% ​​stake.

Walmart said it has tentatively agreed to buy a 7.5% stake in TikTok and that its CEO Doug McMillon will be one of five members of the newly formed company’s board of directors.

Parent company ByteDance, meanwhile, will own the remaining 80% of the app. But since ByteDance is 40% owned by American investors, the new TikTok Global will technically be predominantly American.

TikTok Global has said it will push for more U.S. participation with a public offering of shares next year.

Oracle's deal with TikTok was struck alongside Walmart, with the two companies coming together to form TikTok Global, which will be headquartered in Texas and could potentially create 25,000 new jobs.

Oracle’s deal with TikTok was struck alongside Walmart, with the two companies coming together to form TikTok Global, which will be headquartered in Texas and could potentially create 25,000 new jobs.

The agreement has yet to be signed by Beijing. Chinese officials have said they will not allow ByteDance to sell the algorithms used by TikTok, which are believed to hold much of the app’s value.

But Graham continued to push for the deal as it went, writing on Twitter the day the deal was announced: “President Trump’s big move to approve the sale of TikTok to Oracle and Walmart.

“Ideal for American consumers who are protected from the Chinese Communist Party. Well done, Mr. President, he said.

Graham is currently grappling with the final stages of a brutal fundraising fight against Democratic challenger Jaime Harrison, who has raised the most money in the history of any Senate campaign.

On Thursday, Politico reported that the three-term senator had a slim lead over Harrison among likely voters, 46% to 40%.

However, Harrison raised $ 57 million in the third quarter of this year, eclipsing Graham’s $ 28 million, the outlet said.

“My opponent will raise $ 100 million in the state of South Carolina,” Graham said in September. “The most money ever spent in state history for a Senate race in this state was by me in 2014 when I spent $ 13 million. “

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