Oracle reportedly in talks to acquire TikTok's operations in Canada, US, Australia, New Zealand

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It looks like Microsoft isn't the only company looking to acquire TikTok from Chinese company ByteDance. New reports claim Oracle is holding preliminary talks with ByteDance to acquire its operations in Canada, the US, Australia, and New Zealand. The company is reportedly working with US venture capital firms General Atlantic and Sequoia Capital, which already have a stake in TikTok. TikTok is facing a ban in the US after the country's lawmakers accused it of being a threat to national security. 

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Microsoft reportedly wants to acquire TikTok's global business

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If recent reports are accurate, Microsoft doesn't just want part of TikTok's business. The tech giant supposedly set its sights on a total buyout of TikTok's global business from China-based company ByteDance. The deal, however, wouldn't include ByteDance's sister Chinese app Douyin.

The report surfaces in the same week Microsoft CEO Satya Nadella talked to US President Donald Trump about exploring the idea of acquiring TikTok's US, Canadian, Australian, and New Zealand businesses. Microsoft and ByteDance refused to comment about the rumours, and some reports refute the rumours. For now, we're keeping our eyes peeled for any updates on the popular app's future. 

Source: CNET