There seems to be a lot of interesting twists and turns in the lead-up to the deadline for an American company to buy TikTok. It turns out that Oracle also wants to buy TikTok. Although Microsoft can’t decide whether to buy part of the Chinese company or all at once. Oracle decided to get involved in this matter. One of the largest software vendors has expressed interest in acquiring TikTok, according to the Financial Times.
Oracle also wants to buy TikTok
Oracle CEO Larry Ellison is reported to have held initial talks with TikTok’s parent company, ByteDance, and was “seriously considering” acquiring social media assets in the US, Canada, Australia and New Zealand.
The agreement to buy TikTok is legally complex. Until now, Microsoft is a candidate for TikTok buyers. The Financial Times confirmed previously published information from The Wall Street Journal, which showed interest from the start. But the company is suspected of having serious concerns about its financial capabilities.
The deal price is still unknown. But it looks like TikTok is about to become one of the most expensive corporate purchases in United States history.
TikTok now feels like a business deal for US President Donald Trump. According to a Reuters report, President Trump said that “any agreement to sell China’s TikTok-owned social media app to American companies should” substantially “benefit the United States and provide total security”. The US share of the “substantial benefits” is somewhat confusing. Why are TikTok sales benefiting the US? Is it important? It should be about American companies taking over so that it dispels fears of security risks.
What’s the matter? so Oracle also wants to buy TikTok?
Source : Versusanto