Social-Media
Oracle takes part in the race to purchase TikTok 's U.S. operations
Oracle Corp held tentative talks with TikTok 's Chinese shareholder, ByteDance, and was seriously considering buying app operations in the United States , Canada , Australia and New Zealand, the Financial Times reported on Monday.
Oracle collaborated with several U.S. investors who already have a stake in ByteDance, including General Atlantic and Sequoia Funds, the newspaper reported , citing people who had been briefed on the matter.
ByteDance and TikTok had no comments on the FT article, although Oracle refused to comment.
Earlier this month, Reuters announced that Twitter Inc. had approached ByteDance to express its interest in purchasing TikTok 's U.S. operations, though Microsoft Corp. was still the favorite to enter into a contract.
The Financial Times reported on Monday that Microsoft had seriously considered a offer to take over TikTok's global operations outside the nations that it described earlier in August.
Microsoft is especially interested in buying TikTok in Europe and India, where it has recently been banned by the Indian government following border tensions with China, according to the newspaper.
But ByteDance rejects the notion of selling any properties except those in the United States , Canada , Australia and New Zealand, according to the study.
U.S. — Last week, President Donald Trump instructed ByteDance to divest U.S. video device activities within 90 days, raising scrutiny on the Chinese firm over questions about the security of the personal data it manages.
General Atlantic and Sequoia Resources were not immediately available for feedback.
