Oracle is in preliminary talks with TikTok parent ByteDance to buy the app’s operations in the US, Canada, Australia, and New Zealand, the Financial Times reported Monday.
Oracle has been working with US investors, including General Atlantic and Sequoia Capital, who own a stake in TikTok already, according to the Financial Times.
Founder Larry Ellison is among Trump’s few public backers in Silicon Valley and CEO Safra Catz served on his presidential transition team.
Trump has tried to force a sale of the app to an American company through multiple executive orders, and so far Microsoft has been the leading contender.
Ms. Cat’s Chronicles 