Business
Oracle said to be in negotiations to buy TikTok – Sydney Morning Herald
Technology giant Oracle is said to be in negotiations to buy TikTok as it seeks to outbid Microsoft in the race to acquire the viral social media platform.
Microsoft has been the front runner to acquire TikTok and said in a blog post last week that discussions were continuing and it aimed to complete a deal for TikTok’s operations in the United States, as well as in Canada, Australia and New Zealand, no later than September 15.
Belinda Barnet, senior lecturer in media at Swinburne University, said an acquisition by Oracle would signal a change of direction for the technology company.
“It is a very strange fit for Oracle,” she said. “Oracle specia…
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