Oracle 'Seriously Considering' Acquiring TikTok

Oracle has expressed serious interest in acquiring TikTok, according to the Financial Times.

Oracle reportedly has already held preliminary talks with TikTok's China-based parent company, Bytedance, to explore the terms of an acquisition. Oracle is also believed to be working with venture capital firms including General Atlantic and Sequoia Capital to raise funds for a bid.

Serious interest from Oracle poses a potential threat to Microsoft's bid, which is currently regarded as the frontrunner. Microsoft has officially provided a formal proposal that would involve the purchase of TikTok's operations in the United States, Canada, Australia, and New Zealand. Twitter is also understood to be exploring an acquisition of TikTok, but there are serious questions around its ability to raise the necessary capital to do so.

Oracle is a multinational technology company focused on database software and cloud systems. Last year, Oracle was the world's second-largest software company by revenue and market capitalization, and it would likely be able to fund a potential acquisition of TikTok.

President Donald Trump issued an executive order on Friday demanding that ByteDance sells its U.S. operations within 90 days. The Financial Times noted that Oracle's billionaire co-founder Larry Ellison has been openly supportive of President Trump, but it is unclear whether this would consolidate Oracle as the White House's preferred choice.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Tags: Oracle, TikTok

Top Rated Comments

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9 weeks ago
I just want to know which law allows Trump to force the sale of a foreign-owned company to a US-owned company in order to keep operating in the US.
Score: 17 Votes (Like | Disagree)
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9 weeks ago
Whether Microsoft or Oracle acquire it, it’s surely the death knell for TikTok. You don’t want to see your dad wearing skinny jeans.
Score: 11 Votes (Like | Disagree)
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9 weeks ago
Another company losing ground, and trying to reorient their business. TikTok the next generation DB and Java Devs communication platform?
Score: 7 Votes (Like | Disagree)
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9 weeks ago
Oracle sounds like the best company to connect with young people via TikTok. I hear kids love the My Squirrels!
Score: 6 Votes (Like | Disagree)
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9 weeks ago
I can't say I saw this coming.
Score: 5 Votes (Like | Disagree)
Avatar
9 weeks ago
Most of the posters on this forum aren't old enough to understand the rivalry between Microsoft and Oracle. Larry Ellison hates Microsoft. He'd buy anything to keep it out of the hands of Microsoft. And that worked out well for Java, no?
Score: 4 Votes (Like | Disagree)

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