Oracle joins the bidding party for TikTok in the US
While some analysts say the move makes no sense in terms of its core focus, Oracle’s entry challenges Microsoft’s bargaining position
18 August 2020 - 16:41
San Francisco — Oracle, the world’s second-largest software maker, is weighing a surprise bid for part of TikTok’s business, seeking to rival Microsoft in the race to acquire the viral video streaming app, according to people familiar with the matter.
The company, controlled by billionaire Larry Ellison, has made a preliminary approach to other parties, including the venture capital firm Sequoia Capital, to partner with it in a bid for the app’s operations in the US, Canada, Australia and New Zealand, the people said, asking not to be identified...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.