JAKARTA - Tech company Oracle Corp has a desire to acquire the TikTok short video platform. Previously, Microsoft and Twitter were still considering obtaining a TikTok business license in the United States (US).
Launching The Verge, Tuesday, August 18, the company owned by Larry Ellison is reportedly serious enough to consider buying TikTok's operations in the US, Canada, Australia and New Zealand. The reason is, so far, Microsoft has only acquired 30 percent of TikTok's shares.
Unfortunately, neither ByteDance nor TikTok have commented on the company's acquisition plan. That's where the acquisition plan comes after President Donald Trump issued an executive order ordering ByteDance to sell its business to the US within 90 days.
According to a Financial Times report, Larry Ellison is one quite tech billionaire with the White House and publicly supports Trump's executive policies. Even so, it is not yet known whether Oracle will get the green light to acquire TikTok.
Because until now, only Microsoft CEO Satya Nadella has met with Trump to discuss the TikTok acquisition plan. Microsoft's negotiations with ByteDance are targeted for completion on September 15.
Not only Microsoft, Twitter inc has also expressed interest in acquiring TikTok operations in the US. However, Twitter has not yet stated the amount of funds that will be disbursed to acquire the platform made by ByteDance.
As previously reported, ByteDance, the technology parent company of the TikTok application, has sued President Donald Trump's executive policy. Where ByteDance is required to release its business ownership in order to continue operating and doing business in the US.
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