Oracle is in talks to acquire TikTok's U.S., Canadian, Australian and New Zealand operations, challenging Microsoft, according to a source familiar with the matter.
Oracle is working with U.S. venture capital firms to acquire TikTok's U.S., Canadian, Australian and New Zealand operations.Oracle's interest challenges Microsoft, which has been in talks to acquire the same TikTok assets for more than a month.
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018., an enterprise software giant, is in talks to acquire social media company TikTok's U.S., Canadian, Australian and New Zealand assets, according to a person familiar with the matter.
Oracle is working with a group of U.S. venture capital firms that already have a stake in TikTok, said the person, who asked not to be named because the negotiations are private. The Financial TimesSpokespeople for TikTok and Oracle declined to comment. Oracle's talks to acquire TikTok's operations in four countries are ongoing and have accelerated in recent days, the person said, and it and Microsoft are far ahead of any other companies that have expressed interest. While Microsoft has been working with the U.S.
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