Oracle Joins the Bidding for TikTok's US Business
Larry Ellison’s Oracle has entered the race to acquire TikTok, the popular Chinese-owned short video app,people briefed about the matter have said.
Oracle had held preliminary talks with TikTok’s parent company, ByteDance, and was seriously considering purchasing the app’s operations in the US, Canada, Australia and New Zealand.
Oracle was working with a group of US investors that already own a stake in ByteDance, including General Atlantic and Sequoia Capital, the people added.
This text is a result of machine translation.
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