Wednesday, September 23, 2020
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Software giant Oracle reportedly seeking TikTok's US, other units

Oracle Corp has held preliminary talks with TikTok's Chinese owner, ByteDance, and is seriously considering buying the app's operations in the United States, Canada, Australia and New Zealand, the Financial Times newspaper reported on Monday.

Oracle is working with some US investors that already have a stake in ByteDance, including General Atlantic and Sequoia Capital, the newspaper reported, citing people briefed about the matter.

ByteDance and TikTok did not have a comment on the FT report, while Oracle declined to comment to the Reuters news agency.

US President Donald Trump last week ordered ByteDance to divest the US operations of the video app within 90 days, ramping up pressure on the Chinese company over what he said are concerns about the safety of the personal data it handles.

Reuters reported earlier this month that Twitter Inc had approached ByteDance to express interest in acquiring the US operations of TikTok, while US software giant Microsoft, a rival to Oracle, was still the favourite to clinch a deal.

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