While some analysts say the move makes no sense in terms of its core focus, Oracle’s entry challenges Microsoft’s bargaining position
San Francisco — Oracle, the world’s second-largest software maker, is weighing a surprise bid for part of TikTok’s business, seeking to rival Microsoft in the race to acquire the viral video streaming app, according to people familiar with the matter.
It isn’t clear why Oracle, which focuses on business customers and has virtually no investments in consumer apps or social media, would want to acquire TikTok. However, co-founder Ellison is one of the few Silicon Valley moguls to openly support President Donald Trump. Ellison, whose company was once among the industry’s most aggressively acquisitive, hosted a fundraiser at his estate for the US president in February.
Oracle didn’t immediately respond while ByteDance declined to comment when contacted. Sequoia, a venture investor in ByteDance, also declined to comment. The Financial Times reported on the talks earlier.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How TikTok went from global sensation to Donald Trump targetMicrosoft Corp's potential acquisition of TikTok's U.S. operations is the latest twist in a two-year rollercoaster for the short video app.
Read more »
WATCH: Israel's window-washing TikTok star breaking barriersNoa Toledo is an Israeli social media star who aims to encourage other women to take on her traditionally male-dominated job.
Read more »
How TikTok went from global sensation to Donald Trump targetMicrosoft Corp's potential acquisition of TikTok's U.S. operations is the latest twist in a two-year rollercoaster for the short video app.
Read more »
WATCH | Live webcast of Standard Bank Group interim resultsSPONSORED | Join us on Thursday August 20 from 10am for a live webcast of Standard Bank Group's interim results. More info & registration here:
Read more »
Mandisa Mashego clarifies ATM gig, says she is not joining any partyThe former chairperson of the EFF in Gauteng, Mandisa Mashego, has come out to clarify that her upcoming political lecture on behalf of the African Transformation Movement (ATM) has nothing to do with her finding a new political home.
Read more »
WATCH: Israel's window-washing TikTok star breaking barriersNoa Toledo is an Israeli social media star who aims to encourage other women to take on her traditionally male-dominated job.
Read more »