TikTok‘s US investors are reportedly pushing for an Oracle bid to acquire the US operations of the application.
According to a Wall Street Journal report, TikTok’s major investors, Sequoia Capital and General Atlantic support Oracle in its TikTok bid.
Last week, the California-based tech company emerged as one of TikTok’s potential buyers for its US operations, aside from Twitter and Microsoft.
Microsoft has been the frontrunner for TikTok’s US operations acquisition since news about its acquisition broke out.
Recently, TikTok filed a complaint against US President Trump and US Secretary of Commerce, Wilbur Ross Jr.
As per an executive order from Trump, TikTok has a ninety-day deadline to sell its US business to a US company.
Is Microsoft’s Edge Enough Against Trump’s Oracle?
The President has aired his support for Oracle last week, after news of Oracle’s possible TikTok acquisition.
In a speech in Texas, Trump even called Oracle “a great company.”
He also called its co-founder, Larry Elison, “a tremendous guy.”
Oracle’s top executive, Ellison is a known Trump supporter, and his connection with Trump can be a strong political nudge for this China-based app.
However, Microsoft’s Bill Gates has closer ties with ByteDance, TikTok’s parent company, says a Financial Times report.
Microsoft has a long history with China tech companies and has been involved with them for a very long time.
According to the report, Microsoft Research in China has helped local tech talents for decades.
Microsoft’s “soft power” in China is immense, said Yuan Yang, author of the FT report.
Also, many Chinese tech executives worked with Microsoft in the past, and one of them is ByteDance’s founder, Zhang Yiming.
This kind of connection is one of the reasons why the famous video-sharing app approached Microsoft when Trump executed his order to ban them, Yang wrote in a Twitter post.