Oracle has held preliminary talks with TikTok’s owner and is considering buying the app’s operations in the U.S., Canada, Australia and New Zealand.
Oracle has entered the race to acquire TikTok, the popular Chinese-owned short-video app that President Trump has vowed to shut down unless it is taken over by a U.S. company by mid-November, people briefed on the matter say.has held preliminary talks with TikTok’s Chinese owner, ByteDance, and is seriously considering purchasing the app’s operations in the U.S., Canada, Australia and New Zealand, the people said. Oracle is working with a group of U.S.
Microsoft has also seriously considered a bid to take over TikTok’s global operations beyond those countries, people briefed on the company’s thinking have said. The Redmond, Wash.-based company is particularly interested in buying TikTok in Europe and India, where the video app wasByteDance is opposed to selling any assets beyond those in the U.S., Canada, Australia and New Zealand, said a person close to the company.
The entry of Oracle into the race has provided ByteDance with a credible alternative to Microsoft’s offer, said one person with direct knowledge of the matter.
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