Oracle Buy TikTok US Operations

Oracle Enters Race To Buy TikTok’s US Operations

Oracle Corp has had preliminary discussions with ByteDance, the Chinese owner of TikTok, and is seriously considering buying the app in the US, Canada, Australia and New Zealand, the Financial Times reported on Monday.

Oracle worked with a number of US investors already involved in ByteDance, including General Atlantic and Sequoia Capital, the newspaper reported, citing people who were briefed on the matter.

ByteDance and TikTok had no comment on the FT report, while Oracle declined to comment.

Reuters reported earlier this month that Twitter Inc had reached out to ByteDance to express interest in acquiring TikTok’s US operations while Microsoft Corp was still the favorite to close a deal.

The Financial Times said Monday that Microsoft was also seriously considering an offer to take over TikTok’s global operations beyond the countries previously described in August.

Microsoft is particularly keen to buy TikTok in Europe and India, where it was recently banned by the Indian government after tensions on the border with China, the newspaper said.

However, according to the report, ByteDance is against the idea of ​​selling assets beyond those in the US, Canada, Australia and New Zealand.

U.S. President Donald Trump ordered ByteDance last week to sell the U.S. operations of the video app within 90 days, adding pressure to the Chinese company over concerns about the security of the personal data it processes.

General Atlantic and Sequoia Capital were not immediately available for comment.


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