Software giant Oracle reportedly seeking TikTok's US, other units

Trump is pressuring China's ByteDance to sell its video-sharing app TikTok in the US, saying it poses a security risk.

    Oracle's reported interest in video-sharing app TikTok comes as rival US software giant Microsoft engages with TikTok's Chinese parent ByteDance for the platform's operations in the US and elsewhere [File: Hollie Adams/Bloomberg]
    Oracle's reported interest in video-sharing app TikTok comes as rival US software giant Microsoft engages with TikTok's Chinese parent ByteDance for the platform's operations in the US and elsewhere [File: Hollie Adams/Bloomberg]

    Oracle Corp has held preliminary talks with TikTok's Chinese owner, ByteDance, and is seriously considering buying the app's operations in the United States, Canada, Australia and New Zealand, the Financial Times newspaper reported on Monday.

    Oracle is working with some US investors that already have a stake in ByteDance, including General Atlantic and Sequoia Capital, the newspaper reported, citing people briefed about the matter.

    ByteDance and TikTok did not have a comment on the FT report, while Oracle declined to comment to the Reuters news agency.

    US President Donald Trump last week ordered ByteDance to divest the US operations of the video app within 90 days, ramping up pressure on the Chinese company over what he said are concerns about the safety of the personal data it handles.

    Reuters reported earlier this month that Twitter Inc had approached ByteDance to express interest in acquiring the US operations of TikTok, while US software giant Microsoft, a rival to Oracle, was still the favourite to clinch a deal.

    Ticking down to Trump's deadline

    Microsoft has been in talks with ByteDance to buy TikTok's operations in the US, Canada, Australia and New Zealand, with a September 15 deadline set by Trump for an agreement.

    The Financial Times said on Monday that Microsoft has also seriously considered a bid to take over TikTok's global operations beyond the nations it outlined earlier in August.

    Microsoft is particularly interested in buying TikTok in Europe and India, where it was recently banned by the Indian government after border tensions with China, the newspaper said.

    But ByteDance is opposed to the idea of selling any assets beyond those in the US, Canada, Australia and New Zealand, according to the report.

    General Atlantic and Sequoia Capital were not immediately available for comment.

    SOURCE: News agencies