(Bloomberg) — Oracle Corp. has held preliminary talks with ByteDance Ltd. on a potential bid for part of TikTok’s business, seeking to rival Microsoft Corp. in the race to acquire the viral video streaming app, the Financial Times has reported.The company controlled by billionaire Larry Ellison is working with TikTok’s U.S. investors including General Atlantic and Sequoia Capital to consider a bid for the app’s operations in the U.S., Canada, Australia and New Zealand, the FT said, citing people briefed on the matter.The entry of Oracle could challenge Microsoft’s bargaining position, as the Redmond-based company had been the only party …read more
Source:: Yahoo Finance
