#BigTech / Oracle Latest TikTok Potential Buyer

Microsoft Corp. is not the only company interested in buying TikTok’s U.S. operations… Oracle Corp., the Redwood City, California-based computer software company, is working with investors to outbid Microsoft.

… Oracle is working with a group of venture capital firms that already own a stake in ByteDance to close the deal, including General Atlantic, the New York-based growth equity firm, and Sequoia Capital, the Menlo Park, California venture capital company focused on the technology industry.

… The Wall Street Journal reported while Microsoft Corp. is still seen as the front-runner, Twitter has also held preliminary talks with the popular Chinese app that allows users to craft and post short videos to combine the two mega social media platforms.

But with a market capitalization of about $29 billion, Twitter pales in comparison to Microsoft’s more than $1.6 trillion. If Twitter was to do a deal, the company would need some financial backing.

https://www.pymnts.com/news/partnerships-acquisitions/2020/oracle-latest-tiktok-potential-buyer/