Oracle was working with some U.S. investors that already have a stake in ByteDance, including General Atlantic and Sequoia Capital, the newspaper ...
NEW YORK: Oracle was working with some US investors that already have a stake in ByteDance, including General Atlantic and Sequoia Capital, the newspaper reported, citing people briefed about the matter.
ByteDance and TikTok did not have a comment on the FT report. Oracle did not immediately respond to a Reuters request for comment.Reuters reported earlier this month that Twitter Inc had approached ByteDance to express interest in acquiring the US operations of TikTok, while Microsoft Corp was still the favorite to clinch a deal in the race.
The Financial Times said on Monday Microsoft has also seriously considered a bid to take over TikTok's global operations beyond the nations it outlined earlier in August. Microsoft is particularly interested in buying TikTok in Europe and India, where it was recently banned by the Indian government after border tensions with China, the newspaper said.
But ByteDance is opposed to the idea of selling any assets beyond those in the United States, Canada, Australia and New Zealand, according to the report.US President Donald Trump last week ordered ByteDance to divest the US operations of the video app within 90 days, ramping up pressure on the Chinese company over concerns about the safety of the personal data it handles.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oracle in talks to buy TikTok's US business, FT reportsWASHINGTON (BLOOMBERG) - Oracle Corp has held preliminary talks with ByteDance on a potential bid for part of TikTok's business, seeking to rival Microsoft in the race to acquire the viral video streaming app, the Financial Times has reported.. Read more at straitstimes.com.
Read more »
Oracle enters race to buy TikTok's US operations - FTOracle was working with some U.S. investors that already have a stake in ByteDance, including General Atlantic and Sequoia Capital, the newspaper ...
Read more »
US cos interested in TikTok can hopefully address security concerns - Trump aideThe White House is hopeful that U.S. companies interested in acquiring TikTok will be able to address the administration's national security ...
Read more »
As US targets China tech, TikTok rival BIGO shifts servers from Hong Kong to SingaporeSINGAPORE: BIGO Technology, a smaller rival of embattled Chinese app-maker ByteDance, is shifting servers from Hong Kong to Singapore, out of the ...
Read more »