Trump approves of Oracle’s effort to engage TikTok

The Wall Boulevard Journal

Printed: Aug. 18, 2020 at 10: 49 p.m. ET

Co-founder Larry Ellison hosted Trump fundraiser earlier this one year

The Trump administration has talked about TikTok represents a probability to nationwide safety.

Getty Photos

President Donald Trump voiced beef up on Tuesday for Oracle Corp. to engage the U.S. operations of TikTok, adding a new wrinkle to the bidding for the Chinese-owned video-sharing app.
Oracle
ORCL,
+2.20%
is a modern entrant within the negotiations for TikTok, whose owner ByteDance Ltd. is facing a drop closing date from the Trump administration to divest itself of its U.S. operations. Oracle, a giant in industry tool, has had preliminary discussions about teaming with about a of ByteDance’s present minority investors to engage TikTok’s U.S. operations on the other hand it isn’t decided how evolved the talks are, talked about folks accustomed to the matter.
Microsoft Corp.
MSFT,
+0.57%
talked about earlier this month it used to be in negotiations with ByteDance, and that it used to be coordinating with the White Condo. Twitter Inc.
TWTR,
+0.10%
is additionally exploring a notify, The Wall Boulevard Journal beforehand reported. The Financial Cases earlier reported Oracle’s involvement.
Oracle has closer ties to the White Condo than most other parties animated regarding the bidding. Larry Ellison, the company’s co-founder, chairman and largest shareholder, earlier this one year threw a fundraiser at his residence for the president. Chief Government Safra Catz additionally worked on the govt. committee for the Trump transition workforce in 2016.

Asked Tuesday if Oracle would be a good purchaser for TikTok, Trump talked about, “Neatly I judge Oracle is a monumental company and I judge it’s owner is a astronomical guy, a astronomical person. I judge that Oracle would be completely somebody that would possibly per chance per chance well take care of it.”
An expanded version of this myth appears to be like on WSJ.com.
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