Oracle participates in TikTok's acquisition of American business

by Gregory Varnum

China ByteDance Choteau movie sharing app 'that operated development · TikTok outside China business acquisitions', is the world's second largest software company Oracle has strengthened the bid. Microsoft, which has been eager to acquire TikTok's overseas business in the past, and Oracle, which has raised its hand, and giants in the software industry, the world's No. 1 and No. 2 companies, are competing for TikTok.

Oracle enters race to buy TikTok's US operations | Ars Technica
https://arstechnica.com/tech-policy/2020/08/oracle-enters-race-to-buy-tiktoks-us-operations/

Oracle is in talks to acquire TikTok's US operations, source says
https://www.cnbc.com/2020/08/17/oracle-is-in-talks-to-acquire-tiktoks-us-operations-source-says.html

Oracle's Improbable TikTok Talks Have a Simple Explanation: Data-Bloomberg
https://www.bloomberg.com/news/articles/2020-08-18/oracle-s-improbable-tiktok-talks-have-a-simple-explanation-data

Oracle is considering acquiring TikTok's US, Canada, Australia and New Zealand operations. According to sources, Oracle is already in preliminary talks with American investment companies such as ByteDance and Sequoia Capital, which holds stakes in ByteDance, and is seriously considering purchasing TikTok's overseas business. As Oracle has been eager to expand its cloud computing and consumer data business in recent years, it appears to be focused on improving marketing by leveraging the customer data collected by TikTok.

In the TikTok acquisition competition, TikTok's privacy problem of ' stealing the contents entered by the user ' is the main problem. On July 13, 2020, the U.S. Democratic and Republican parties demanded that they refrain from using TikTok because of ' privacy concerns, ' and on August 4, 2020, President Trump asked TikTok He said, 'I would like to sell my business to an American company by September 15, 2020,' or otherwise prohibit the use of TikTok in the United States.

President Trump requests TikTok to ``sell to an American company by September 15, 2020,'' Microsoft takes on the acquisition-GIGAZINE

After this announcement by President Trump, the US Congress passed the “TikTok ban” of government officials. In the United States, TikTok exclusion is accelerating.

A bill banning the use of TikTok by government officials is passed by Congress, further accelerating the elimination of TikTok in the US-GIGAZINE

A new problem was also revealed that it had been collecting MAC addresses for more than a year in violation of policy, but Microsoft and Oracle, the world's No. 1 and No. 2 in the software industry are eager to acquire Is showing. According to media reports, Twitter is also raising their hands, but US IT media wrote that 'Microsoft and Oracle are more powerful than any other company.'

Microsoft is also eager to acquire TikTok's European and Indian businesses. However, sources say ByteDance is opposed to the sale of foreign operations outside the US, Canada, Australia and New Zealand, sources said.