#BigTech / Two Big ByteDance Investors Reportedly Back Oracle’s Bid For TikTok

Investment firms Sequoia Capital and General Atlantic are behind the bid for Oracle to acquire TikTok… Oracle is a recent candidate and possible alternative to Microsoft, the initial frontrunner in the likely bid for the popular video-sharing app…

Oracle, WSJ reported, is less likely of a candidate due to its lesser experience in running a social media app.

Microsoft and Oracle have been the most-talked-about contenders, although Twitter has also expressed preliminary interest without making much progress on real talks.

https://www.pymnts.com/news/partnerships-acquisitions/2020/bytedance-investors-behind-oracle-bid-tiktok