JAKARTA – Technology company Oracle Corp has expressed its intention to acquire the TikTok business in the United States (US). The plan has also received the green light from President Donald Trump.
This was conveyed by Trump in response to Oracle’s plan to take over ByteDance’s short video platform. “I think Oracle is a great company,” President Trump was quoted as saying Reuters, Wednesday, August 19.
In his report, the company owned by billionaire Larry Ellison is eyeing TikTok businesses and operations in North America, Australia and New Zealand. The same thing Microsoft wanted when it acquired TikTok.
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In fact, Oracle is not alone in acquiring TikTok. Together with other ByteDance investors such as General Atlantic and Sequoia Capital, they are making offers for TikTok assets
So far, President Trump has given TikTok a deadline of up to 90 days to sell part or all of its business to a US company. If not, platform the short video will be permanently blocked in the US.
On the other hand, Microsoft doesn’t just want to buy TikTok’s US line of business. The technology company plans to take over global operations from platform social media made in China.
It is not yet known what the value of the deal that Microsoft has agreed to buy TikTok assets. However, it is estimated that the total value of TikTok’s US business is more than US $ 50 billion.
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