Donald Trump backs Oracle as a potential buyer for TikTok. The software company has the great advantage of having received the approval of Donald Trump. Trump assured in a speech in Arizona that Oracle would be a “great company” to take the reins of the ByteDance social network in the United States.
TikTok has had some very tense moments after its dispute with the United States government and its restrictive measures issued.
Donald Trump administration put the Chinese app on the line, considering it a risk to that country’s national security. In one of the latest coups given to the company, it received an ultimatum. Which was later readjusted to 90 days) for ByteDance to sell its popular app to a non-Chinese company.
Initially, Microsoft emerged as the most likely buyer, with sufficient funds and advanced enough to achieve the transaction. However, an unexpected buyer has emerged: Oracle. This company, the second largest in the world in the software development industry, was co-founded by tycoon Larry Ellison, who is a relatively close friend of Trump.
Trump and the TikTok deal
It was only a matter of time before the trustee and the potential buyer would make a statement on this issue. “Well, I think Oracle is a great company and I think its owner is a tremendous guy. He’s a tremendous person,” Trump said. “I think Oracle would certainly be someone who could handle this. Yeah. We gave them until September 15th.”
There has been no official pronouncement from Oracle on this matter so far. Meanwhile, speculation is growing as to why the company would be interested in acquiring TikTok. Everything points to a strategy in which they would integrate TikTok user data with Oracle’s marketing products. Which would help improve their marketing and profiling platform. In other words, Oracle would buy the app to do with it what ByteDance has been doing and what it has been accused of.
American firms are looking to buy TikTok’s operations not only in the United States
As the acquisition would include other English-speaking countries such as Canada, Australia and New Zealand.
Donald Trump gave TikTok a 90-day deadline to be acquired by a U.S. company, saying China’s ByteDance represents a “national security risk.
Oracle joins Microsoft in the bid to take over the Tik Tok business in the United States
The race for Tik Tok has just begun and promises to be exciting. Microsoft is no longer alone in its interest in taking over part of the operations of the social network of the moment.
A formula of short and generally funny videos in the hands of Chinese capital that Donald Trump has interpreted as a weapon of espionage. And that will not be able to operate in the United States if it is not in the hands of an American company.
That’s why he has given a 45-day deadline to close the deal that sounded like a bilateral affair between ByteDance, the owner of Tik Tok. And the Seattle-based giant. But Oracle and the millions of one of its founders, Larry Ellison, have entered the picture this week.
Microsoft is the world’s third most valuable company – by market capitalization. And is looking to further diversify its portfolio to compete with the other Silicon Valley giants.
The operation, valued between 20 and 50 billion dollars, would give it visibility in a field never before seen by the company founded by Bill Gates, social networks with direct access to the business of advertising and data sales.