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Oracle Said To Be After TikTok

There’s a new player who has joined Microsoft in an attempt to buy TikTok. That player is Oracle according to Business Insider:

Enterprise software giant Oracle has entered the race to acquire some of TikTok’s operations from its Chinese parent company ByteDance, the Financial Times reported Monday.

Oracle has been involved in preliminary discussions with several current US-based TikTok investors, including General Atlantic and Sequoia Capital, to purchase the app’s US, Canada, Australia, and New Zealand operations, according to the report.

Oracle and TikTok both declined to comment and ByteDance could not immediately be reached.

What’s interesting about the Oracle bid is that Larry Ellison who founded Oracle is known to be a Trump supporter and current CEO Safra Catz was on Trump’s transition team. That in my mind may make the Oracle bid the preferred bid for the Trump administration. But we’ll have to see if Microsoft has anything to say about that.

This entry was posted on August 18, 2020 at 8:20 am and is filed under Commentary with tags . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Oracle Said To Be After TikTok”

  1. Microsoft Teams Up With WalMart To Buy TikTok… No, You’re Not Reading That Wrong | The IT Nerd Says:
    August 27, 2020 at 3:03 pm

    […] which sells high end race bikes, this is a bit of a departure. And there’s the matter of Oracle looking at buying TikTok. They might be in the drivers seat as founder Larry Ellison is a friend of Trump. But given how […]

    Reply
  2. China Wants TikTok To Shut Down In The US Before They Sell Out To Microsoft, Microsoft/Walmart Or Oracle: Reuters | The IT Nerd Says:
    September 11, 2020 at 3:41 pm

    […] the Chinese government wants TikTok to shut down in the US rather than be sold to Oracle, Microsoft, or […]

    Reply

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