Report: Oracle is a leading contender to run TikTok in the US
In a turn of events that will shock some people even though it should shock absolutely no one, Oracle has emerged as a leading contender to help run TikTok as the app seeks to avoid being banned in the US, according to reporting by The Information.
President Trump has said there are four bidders in the process. The Information’s reporting says that ByteDance prefers a deal with Oracle, that Trump has indicated his support for Oracle playing a key role, and that several people familiar with the matter say Oracle is the only serious contender.
Reuters had reported in January that the Trump administration was talking with Oracle and a group of outside investors about effectively taking control of TikTok’s operations.
It’s important to remember that the last time Trump was threatening to ban TikTok, a preliminary deal came together that was led by Oracle. Oracle also has a deep tech infrastructure that other investor groups don’t have. Additionally, Trump has friendly relationships with Oracle founder Larry Ellison and its CEO, Safra Catz.
History may just repeat itself here.
Reuters had reported in January that the Trump administration was talking with Oracle and a group of outside investors about effectively taking control of TikTok’s operations.
It’s important to remember that the last time Trump was threatening to ban TikTok, a preliminary deal came together that was led by Oracle. Oracle also has a deep tech infrastructure that other investor groups don’t have. Additionally, Trump has friendly relationships with Oracle founder Larry Ellison and its CEO, Safra Catz.
History may just repeat itself here.
