Alongside Microsoft, Oracle is also reportedly eyeing TikTok’s US business as the beleaguered Chinese owner of the popular video-sharing app is looking to sell off its US operations following an ultimatum by the US government.
Oracle Also in Negotiations to Buy TikTok’s US Operations: Report
According to FT, Larry Ellison’s company has already held preliminary talks with TikTok’s parent company, ByteDance, and is working with venture capital firms, General Atlantic and Sequoia, to generate the funds to acquire the app’s operations in the US, Canada, Australia, and New Zealand.
The news comes only two or three weeks after Microsoft uncovered its arrangements to get TikTok’s US tasks. The Redmond monster has additionally supposedly indicated enthusiasm for purchasing the application’s India tasks, despite the fact that there’s no affirmation on that front at this time. In the interim, late reports recommend that Reliance Industries is additionally thinking about purchasing TikTok’s India activities, yet neither one of the parties has affirmed it yet.
There’s no more data regarding the matter now, yet a proposal from Oracle would give Microsoft a contender, which may lift the cost of the long-range informal communication application. For what it’s worth, TikTok’s proprietor, ByteDance, turned into the world’s most significant startup in 2018, with its valued belonging accepted to be worth in the billions.
On the off chance that you don’t have any acquaintance with it as of now, TikTok is confronting headwinds in its two biggest markets – India and the US. While the previous has just restricted the application as a feature of a bigger crackdown on Chinese applications and administrations, the US president has undermined comparable activity if ByteDance doesn’t auction the US tasks of the application to a US-based proprietor by September 15.