Regional News • Americas • United States
2020-08-19T17:30:02+00:00

Trump gives nod to Oracle takeover of TikTok

Trump gives nod to Oracle takeover of TikTok
Credit: Illustration: Pendect, Ashley Winkler – Logo via TikTok (Creative Commons Attribution ShareAlike 4.0)

The United States President Donald Trump stated tech giant Oracle would be "a great company" to take over TikTok's US operations.

The President reaction comes days after media reported that Oracle would be a possible buyer of the TikTok in North America, Australia and New Zealand.

Trump ordered TikTok's owner ByteDance to sell their US business within 90 days or face being shut down by the government.

The Wall Street Journal reports that Oracle is working with Sequoia Capital and General Atlantic, investors that already have stakes in ByteDance.

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