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Oracle enters discussion to acquire TikTok following Microsoft bid

Oracle enters discussion to acquire TikTok following Microsoft bid

US tech corporation Oracle is reportedly discussing the acquisition of social video app TikTok.

The news comes shortly after Microsoft announced its intent to buy the platform following Donald Trump's decision to ban the platform in the US. He's also given the platform 90 days to sell its operations in the country.

As reported by the Financial Times, Oracle is openly considering the acquisition of TikTok in the US, Canada, Australia and New Zealand. The platform has also been valued at around $50 billion

Tick Tock

While it's uncertain which company will secure the acquisition - Twitter has also reportedly expressed an interest in the platform - President Trump has asked for a slice of the price regardless.

"The United States should get a very large percentage of that price because we're making it possible. It would come from the sale, which nobody else would be thinking about but me, but that's the way I think, and I think it's very fair," Trump said, regarding the deal.

Trade relations between the US and China are strained, and Bytedance's operations in the US offer “credible evidence” that ByteDance “might take action that threatens to impair the national security of the United States” according to president Trump.

However, others believe that Trump's actions towards the app may serve to alienate younger voters in the US, given the sheer popularity and reach of TikTok in the country. 


Editor - Influencer Update

Danielle Partis is Editor of InfluencerUpdate.biz. She was previously the lead content creator for TeamRock Games, as well as contributing to outlets such as Metal Hammer, both online and in-print. Prior to that, Danielle worked as a freelance PR consultant and freelance journalist for a number of outlets.

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