Oracle’s bid for the US operations of TikTok received the backing of US President Donald Trump, bolstering the software maker’s attempt to derail takeover talks led by rival Microsoft.

“Oracle is a great company,” said Trump during a speech in Arizona on Tuesday. “I think its owner is a tremendous guy. He’s a tremendous person. I think that Oracle would be certainly somebody that could handle it.”

Oracle has strong ties to Trump, at a time when Silicon Valley is under scrutiny from both sides of the US political divide. Co-founder Larry Ellison hosted a fundraiser for Trump in February, and Oracle CEO Safra Catz also supports Trump’s re-election effort.

The company even teamed up with the White House earlier this year in an attempt to track the effects of using hydroxychloroquine to treat COVID-19.

Microsoft has been seen as the front-runner in the race to acquire TikTok’s US assets, and is the only company to publicly confirm talks with the social media service’s Chinese parent company, ByteDance.

Oracle has approached investors including Sequoia Capital to partner on a bid for TikTok’s business in the US, Canada, Australia and New Zealand, people familiar with the matter said this week.

Tech Central

Vanguard

Source:https://www.vanguardngr.com/2020/08/tiktok-oracle-receives-trumps-backing-in-bid-to-buy-us-operation/

10replyflag

TIKTOK: Oracle receives Trump’s backing in bid to buy US operation

Chido, 9 Mons ago
International politics
Danico, 9 Mons ago
What a politics nice uodate
Kasiann, 9 Mons ago
Cool
Ken, 9 Mons ago
Thanks for the update
Ginapretty, 9 Mons ago
Great progress.
Ginapretty, 9 Mons ago
Great progress.
Amaka123, 9 Mons ago
This means that the type of favouritsm politics played in Nigeria also happens in other parts of the world
chintua, 9 Mons ago
This is a nice progress
Lyosa, 9 Mons ago
Nice Progress
Emmzy, 9 Mons ago
And gradually this tictok app is becoming something else entirely
Nollybrown, 9 Mons ago
Ok
Patricianachi, 9 Mons ago
Okay
Obichidubem, 9 Mons ago
Good update
Idubem, 9 Mons ago
Its olay
Sami99, 9 Mons ago
Thanks for the update
Vivian, 9 Mons ago
Thanks ok
Jully, 9 Mons ago
Heaven knows Trump won't allow that
emehelvisboss, 9 Mons ago
nice
DynastyN, 9 Mons ago
Really? Just one person
Lucky1, 9 Mons ago
Nice update
Upgrade In Progress...