Oracle next in line to be a possible suitor for TikTok

Oracle has expressed interest in acquiring TikTok. The cloud-major has reportedly held preliminary talks with parent ByteDance and is “seriously considering” acquiring its business in the US, Canada, Australia and New Zealand. Other venture capital firms including General Atlantic and Sequoia Capital may also be a part of this deal. Microsoft has been the biggest possible suitor for TikTok, but Oracle’s interest brings in a strong competition.  

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