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Title:Oracle Said to Be Weighing Bid for TikTok’s U.S. Business
Date:18th August 2020
Description:Aug.18 -- Oracle Corp. is weighing a potential bid for part of ByteDance Ltd.'s TikTok’s business, seeking to rival Microsoft Corp. in the race to acquire the viral video streaming app. The company controlled by billionaire Larry Ellison has made a preliminary approach to other parties, including the venture capital firm Sequoia Capital, to partner with it in a bid for the app’s operations in the U.S., Canada, Australia and New Zealand, according to people familiar with the matter. Bloomberg Opinion columnist Alex Webb has the details on “Bloomberg Surveillance.” The views expressed are his own.
