Oracle enters race to buy TikTok's US operations: FT
Add BT as a preferred source
[BENGALURU] Oracle Corp has held preliminary talks with TikTok's Chinese owner, ByteDance, and was seriously considering buying the app's operations in the United States, Canada, Australia and New Zealand, the Financial Times newspaper reported on Monday, citing people briefed about the matter.
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 favourite to clinch a deal in the race.
Oracle, ByteDance and TikTok did not immediately respond to requests for comment.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
Serenity Park condo owners lower asking price to S$440 million in second shot at collective sale
SGX to roll out post-trade custody model, changes to bid mechanics in July, cut board lots in October
