On August 18th, local time, when Trump attended an event in Arizona, he confirmed the media rumors that Oracle was participating in the TikTok bid. Trump said that Oracle is a great company and might take over popular in the United States. Chinese social media application TikTok. ” His boss is an amazing man. Oracle can take over TikTok’s American business .” Trump stated that he knew that both Microsoft and Oracle were interested in acquiring TikTok, “Microsoft needs it (TikTok), Oracle also needs it, and there may be other companies.”
Oracle founder and CEO Larry Ellison (Larry Ellison) is one of the few people in Silicon Valley to openly support Trump. In February of this year, the 76-year-old billionaire held a fundraiser for Trump’s re-election campaign at his estate in Coachella Valley, California.
Earlier, the “Financial Times” quoted people familiar with the matter as saying that Oracle has conducted preliminary negotiations with TikTok’s parent company, Bytedance, and is seriously considering the acquisition of TikTok’s businesses in the United States, Canada, Australia, and New Zealand. The person familiar with the matter also added that Oracle is cooperating with a group of US investors holding ByteDance shares, including Pan Atlantic Investment Group and Sequoia Capital.
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