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Oracle Enters Talks to Buy TikTok, Seeks to Edge out Front Runner Microsoft

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The Financial Times was the first outlet to report the news on Monday, with CNBC following soon after. Oracle, led by co-founder Larry Ellison, is looking to top Microsoft when it comes to the bidding — expected to be somewhere in the $30-$50 billion range — and is working with several U.S.

investors who already have a stake in TikTok’s parent company, Bytedance, according to FT. General Atlantic and Sequoia Capital are two of the firms working with Oracle on a potential deal, according to the same report.Oracle’s stock jumped 4.5% in early-morning trading on Tuesday, hitting $56.39 per share.President Trump last Friday ordered Bytedance to offload TikTok’s U.S.

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