After Twitter and Microsoft, the Oracle Corp has joined the race to buy popular video sharing app TikTok’s US operations. As per the report published in the Financial Times, Oracle has initiated the talks with Chinese firm ByteDance who owns TikTok to acquire app’s operation in the United States.
Besided the US, Oracle is also eying to buy TikTok’s operations in Canada, Australia and New Zealand, the report said.
The software giant Oracle co-founded by Larry Ellison has been working with some US investors who have a stake in ByteDance, including General Atlantic and Sequoia Capital, the FT added.
Earlier this month, Twitter Inc had expressed its interest in buying TikTok’s US operations, while the tech giant Microsoft still remain the most favoured contender to acquire the app in the states.
According to media reports, the Redmond, Washington-based company has also presented its bid in buying TikTok in Europe and India, where the app was banned in June by the Central government, citing privacy issues.
Oracle’s approach came a week after the US President Donald Trump issued an order stating ByteDance must either sell its operations within 90-days or face ban in the states.
Mr Trump said the US had credible evidence that ByteDance was using TikTok to steal users’ personal data and was sending it to Chinese government in Beijing. ByteDance had refused the allegations.
ByteDance and TikTok did not have a comment on the matter, while Oracle declined to comment.
Meanwhile, the US President Donald Trump has said that Oracle is a good company and could take over TikTok’s US operations.
