Oracle enters race to buy TikTok’s U.S. operations, report says

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Microsoft Corp is still the favourite to clinch a deal

This translation has been automatically generated and has not been verified for accuracy.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.

Reuters reported earlier this month that Twitter Inc had approached ByteDance to express interest in acquiring the U.S. operations of TikTok, while Microsoft Corp was still the favourite to clinch a deal. 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.

 

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