Monday, 17 August 2020

After Microsoft, Oracle is also reportedly looking to buy TikTok


The year is 2001. Tech bigwigs like Microsoft and Oracle are trying to buy a thriving new software startup. But wait…this is 2020, and the situation is still the same. Weeks after Microsoft announced its intention to buy TikTok, Oracle has also expressed interest in acquiring the hot short video app. According to a report from the Financial Times, Larry Ellison’s company is in early talks to buy TikTok‘s US, Canada, Australia , and New Zealand operations. The report noted that the company was already working with some of the US investors such as General Atlantic and Sequoia Capital that own a stake in TikTok’s…

This story continues at The Next Web

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from The Next Web https://ift.tt/3g7YYgy

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