New claims have been raised regarding the sale of TikTok’s operations in the USA. So is TikTok really in talks with Oracle?
Will there be a purchase between Oracle and TikTok?
Criticizing many countries for not ensuring the confidentiality of user data, TikTok follows a transparent policy especially for Europe and the USA.
In this context, the sale of TikTok’s operations in the USA has been talked about for a long time. It was stated that Microsoft had an initiative in this direction, but there was no conclusion about the sales situation yet. This time, with the new allegations that came out there, it was claimed that Oracle made attempts to acquire TikTok’s US operations.
According to the news from the Financial Times, Oracle; TikTok is in preliminary negotiations to acquire the US, Canada, Australia and New Zealand operations. It is also stated that within the scope of preliminary talks, Ocracle met with US investors who hold shares within ByteDance.
The current US president Trump’s almost war on TikTok forces the social media giant to sell its operations in the US. TikTok may sell its operations in the USA to Oracle in order to gain the trust of the US administration and users.