Microsoft showed earlier this month about its intentions to buy out the us operations of ByteDance, the owner of the infamous app TikTok. however, a report from The financial times emerged, suggesting Oracle is also joining the race.
Earlier these days the software company acquired verbal approval from america President Donald Trump during a speech in Yuma, Arizona.
The Tech company has already had preliminary talks with ByteDance and is significantly considering shopping the app’s operations within the u.s., as well as Canada, Australia, and New Zealand.
According to toes, Oracle has an edge over its important competitor Microsoft - companions which might be already stakeholders at the chinese company. “Oracle was working with a group of investors, along with preferred Atlantic and Sequoia Capital”, the thing reads in addition.
Chairman and co-founder of Oracle is Larry Ellison who is a supporter of the Trump administration and even held a fundraising event for him earlier this year.
Donald Trump has threatened ByteDance to sell its business into American hands till September 15 or face an executive order to close its operations. Tencent is facing a comparable risk with its WeChat platform, although it hasn’t acquired an exact deadline.
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