Oracle Corp 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.
FILE PHOTO: The Oracle logo is shown on an office building in Irvine, California, U.S. June 28, 2018. REUTERS/Mike Blake
Oracle was working with some U.S. investors that already have a stake in ByteDance, including General Atlantic and Sequoia Capital, the newspaper reportedByteDance and TikTok did not have a comment on the FT report, while Oracle declined to comment. 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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