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.  

Click here to read the full story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s