REUTERS/Florence Lo
- Oracle is in preliminary talks with TikTok parent ByteDance to buy the app's operations in the US, Canada, Australia, and New Zealand, the Financial Times reported Monday.
- Oracle has been working with US investors, including General Atlantic and Sequoia Capital, who own a stake in TikTok already, according to the Financial Times.
- Founder Larry Ellison is among Trump's few public backers in Silicon Valley and CEO Safra Catz served on his presidential transition team.
- Trump has tried to force a sale of the app to an American company through multiple executive orders, and so far Microsoft has been the leading contender.
- Visit Business Insider's homepage for more stories.
Enterprise software giant Oracle has entered the race to acquire some of TikTok's operations from its Chinese parent company ByteDance, the Financial Times reported Monday.
Oracle has been involved in preliminary discussions with several current US-based TikTok investors, including General Atlantic and Sequoia Capital, to purchase the app's US, Canada, Australia, and New Zealand operations, according to the report.
See the rest of the story at Business Insider
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See Also:
- TikTok's US employees are scared they won't get paid if the app is banned, and now they're planning to sue the Trump administration
- TikTok reportedly violated Google's data collection policies by tracking the individual identifiers of Android users' smartphones
- Here's everything we know about TikTok's future in the US — and everything we don't
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