Oracle and Microsoft in talks to buy TikTok

Oracle has been interested in buying TikTok for five years. This is the second time it has been considered.

Oracle had previously considered buying TikTok in 2020, but Walmart is not involved in the deal. It is possible that the deal will be a fluke, given the value of the TikTok app.

This time, Oracle is reportedly in talks with a group of investors, including Microsoft, to buy TikTok’s global operations. Oracle’s proposed deal would see ByteDance take a minority stake in TikTok, with Oracle overseeing the app’s algorithm, data collection, and software updates.

The White House may like it, but China is not sure if it will accept it. Trump himself said at a press conference that Oracle would buy TikTok. Trump has also spoken to other interested parties about buying TikTok.

Trump also said that a decision on TikTok will be made within the next 30 days. There are quite a few people who want to buy TikTok. Among them are the world’s richest man, Elon Musk, Also included are YouTuber MrBeast, real estate billionaire Frank Mascot, and millionaire Kevin O’Leary.

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