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Here’s what you need to know today in startup and venture news, updated by the ¸½½üÉÏÃÅ News staff throughout the day to keep you in the know.

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Oracle wins bid for TikTok’s US operations

and will in the U.S. under a deal meant to satisfy Trump administration national security concerns around the China-based video-sharing app.

The exact nature of the agreement between TikTok and Oracle has not been laid out in detail. However, it was not described as an outright sale. The news about Oracle came just after announced that it will not buy TikTok’s U.S. operations from its parent company, China-based .

The agreement with Oracle comes days before a U.S. ban on TikTok was scheduled to take effect. U.S. Treasury Secretary Steven Mnuchin that federal officials plan to review the deal this week.

Snowflake raises IPO price range

raised its IPO price range to between $100 and $110 per share, according to an updated filing with the U.S. Securities and Exchange Commission. The San Mateo-based data warehousing company had previously set the range between $75 and $85.  The IPO, which called the “largest software IPO of all time,” would value Snowflake at around $30.5 billion if it prices at the top of its range.

Palantir valuation could top $20B at high end, new filing suggests

, the data-analysis company gearing up to go public next week via a direct listing on the , updated on Monday, revealing that it has 2.17 billion fully diluted shares. Its shares have traded on the private markets in a wide range of between $4.17 and $11.50, it said. That makes it difficult to estimate an initial public valuation: it could vary between $9.3 billion and $25 billion.

Palantir’s most recent private valuation was $22 billion, according to a estimate available via ¸½½üÉÏÃÅ. The Denver-based company, led by CEO , has raised a total of $2.6 billion from private investors since being founded in 2003, according to ¸½½üÉÏÃÅ.

Funding rounds

• Dream Sports raises $225M: India-based Dream Sports, the parent company of fantasy sports app , raised $225 million in a funding round that reportedly of  over $2.5 billion for the company. , , and reportedly financed the deal through a mix of primary and secondary investments.
• Attralus raises $25M: Biopharmaceutical company based in San Francisco, announced the completion of a $25 million Series A round of financing led by that will enable the company to further validate three of its medicine candidates to treat patients with systemic amyloidosis, a group of protein disorders that causes dysfunction in organs and tissues.

M&A

• Nvidia buying Arm for $40B:  confirmed Monday that it U.K.-based chip designer Arm from Japan’s Group for as much as $40 billion. If it goes through, industry insiders say the deal could reshape the semiconductor industry.

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