TikTok, another large company would like to buy the social network

TikTok, another large company would like to buy the social network
It would not be only Microsoft interested in buying TikTok: even Oracle may have set its sights on the famous Chinese social network. As we have already had the opportunity to investigate in a previous article, Donald Trump, the President of the United States of America, has signed a decree that will force ByteDance - the developer of TikTok - to terminate all commercial agreements with US companies.

A move that will force the company to sell the social network popular with younger users. Initially, it was Microsoft that showed interest in TikTok. The IT giant could decide to acquire social media services in all the countries in which they are active, including Europe and India (with the exception of Douyin, which is the variant available in China). Microsoft may not be the only possible buyer: Oracle is perhaps interested too.

Founded in Santa Clara in 1977, Oracle is a company specializing in tools for database development, hardware and software (including ERP and CRM). The brand, which in the past has adopted a prolonged acquisition policy, could decide to expand by purchasing a social network.

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Oracle - according to that which remains an indiscretion - would be interested in acquiring TikTok's assets in the United States, Canada, Australia and New Zealand. The company is also reportedly working with a group of investors, including General Atlantic and Sequoia Capital. We just have to wait to find out how this situation will evolve.

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