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Oracle Reportedly Joins Hunt to Buy TikTok, Challenging Microsoft Bid

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variety.com
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Todd Spangler NY Digital EditorCould TikTok end up in the clutches of Silicon Valley billionaire Larry Ellison?Software giant Oracle is in discussions with ByteDance to acquire popular social-video app TikTok, according to multiple reports.

The Chinese internet company faces a looming mid-November deadline to divest TikTok’s U.S. assets under a Trump administration national-security directive.Oracle is mulling an acquisition of TikTok’s U.S., Canada, Australia and New Zealand operations, as first reported by the Financial Times.

Oracle is collaborating on the potential bid with U.S.-based investors in ByteDance, including VC firms General Atlantic and Sequoia Capital, per the FT report.Oracle’s reported interest in snapping up TikTok comes.

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