Oracle joins race to buy TikTok’s US business: FT

Oracle joins race to buy TikTok’s US business: FT

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Oracle has held preliminary talks with TikTok’s Chinese owner, ByteDance, and was seriously considering buying the app’s operations in the United States, Canada, Australia and New Zealand, the Financial Times newspaper reported on Monday.

Oracle was working with some U.S. investors that already have a stake in ByteDance, including General Atlantic and Sequoia Capital, the newspaper reported, citing people briefed about the matter.

ByteDance and TikTok did not have a comment on the FT report, while Oracle declined to comment.

Reuters reported earlier this month that Twitter had approached ByteDance to express interest in acquiring the U.S. operations of TikTok, while Microsoft was still the favourite to clinch a deal.

The Financial Times said on Monday Microsoft has also seriously considered a bid to take over TikTok’s global operations beyond the nations it outlined earlier in August.





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