Oracle in talks with TikTok that could hijack Microsoft bid
1 min read
Article by Alex Hern.
Software multinational is latest to enter race to buy US operations of Chinese social media app
The multinational software company Oracle is in talks that could see it gatecrash Microsoft’s bid for part of the popular Chinese-owned video app TikTok, whose US operations have been valued at more than $20bn.
Microsoft has been working on a partial takeover of TikTok, which lets users post short video clips, after President Trump ordered the firm to sell its US operations within 90 days or face being shut down, citing concerns over national security.
But Oracle has reportedly met with ByteDance, TikTok’s Chinese parent company, and is working with some of the app’s investors – including venture capital firms General Atlantic and Sequoia Capital – on a rival deal for its operations in the US, Canada, New Zealand and Australia. […]
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