Oracle founder donated $250,000 to Graham PAC in final days of TikTok deal

Advertisement

BEGIN ARTICLE PREVIEW:

Oracle CEO Larry Ellison donated $250,000 to a super PAC supporting Sen. Lindsey Graham’s (R-SC) reelection campaign as his company closed in on a coveted position as TikTok’s US technology partner.
FEC documents show that Ellison made the $250,000 donation to the Security is Strength PAC on September 14th. The Security is Strength PAC has bought ads exclusively in support of Graham’s political ambitions, including his 2015 presidential campaign and his current reelection bid for the US Senate.
It’s an unusually large donation for Ellison, who also donated $5,200 to Graham’s Majority Fund in January. 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.
Oracle’s arrangement with TikTok was applauded by Treasury Secretary Steve Mnuchin, but drew criticism from China hawks in both parties, who saw it as failing to address the long-standing concerns over ties between TikTok’s parent company ByteDance and the Chinese government. At the same time, the arrangement was a potential windfall for Oracle, which was set to receive …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE