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TEXXR

Chronicles

The story behind the story

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Sources: Oracle, working with US investors who own a stake in ByteDance, held preliminary talks to acquire TikTok's operations in US, Canada, Australia, and NZ

Tech group is working with investors in effort to outbid Microsoft after Trump divestment order

Financial Times

Discussion

  • @financialtimes @financialtimes on x
    FT Exclusive: Larry Ellison's Oracle has entered the race to acquire TikTok, the Chinese-owned short video app also sought by Microsoft https://www.ft.com/... https://twitter.com/...
  • @sherman4949 Alex Sherman on x
    I can confirm FT's report that Oracle is interested in TikTok in conjunction with some U.S. VC firms who are already investors in TikTok — and add that talks are ongoing and have progressed in recent days. https://www.cnbc.com/...
  • @jessicalessin Jessica Lessin on x
    One advantage Oracle could have is being more flexible on how much they buy. Microsoft is going to push to own as much as possible, beyond the U.S. business. Oracle may entice ByteDance and its investors with a different approach. $msft
  • @jessicalessin Jessica Lessin on x
    Enter Oracle (who loves messaging with Microsoft). They need to jumpstart their cloud biz. TikTok would help. General Atlantic and Sequoia are backing. $orcl
  • @jessicalessin Jessica Lessin on x
    While Microsoft is probably favored by the government and ByteDance, Microsoft is more likely to box out investors from owning as much as they want after a sale. And the last thing these investors want to do is to give away the crown jewel in a fire sale with one bidder.
  • @jessicalessin Jessica Lessin on x
    Here's what you need to know about state of play with TikTok and why Oracle is suddenly in the running. There are really *four* players in this deal, the buyer, ByteDance management, ByteDance investors and the U.S. government... (thread)
  • @mmasnick Mike Masnick on x
    Oracle has been *the* leading company behind the scenes trying to destroy #Section230. Imagine what havoc that would create if they owned a massive user generated content platform. https://twitter.com/...
  • @edbott Ed Bott on x
    Yes, because no company has its finger on the pulse of the youth market quite like (checks notes) (checks notes again) (seriously?) (sighs) Oracle. https://twitter.com/...
  • @onlyyoontv Eunice Yoon on x
    Oracle enters race to buy @tiktok_us' operations US, Canada, Australia and New Zealand, sources tell @FT. @Oracle working with a group of US investors that already own a stake in ByteDance, including General Atlantic and Sequoia Capital, the people added. https://www.ft.com/...
  • @hhariri Hadi Hariri on x
    I for one welcome a TikTokJDK https://www.bloomberg.com/...
  • @nikkisunstrum @nikkisunstrum on x
    And now, somehow, being bought by @Microsoft actually seems cool. 🤔 https://twitter.com/...
  • @rodneycaston Rodney Caston on x
    This is actually a great thing, like all of Oracle's purchases, they will move to charge exorbitant fees until the customer base is destroyed. 🥳 https://twitter.com/...
  • @samkottler Sam Kottler on x
    Oracle cloud still chasing that elusive first user https://twitter.com/...
  • @mikebutcher Mike Butcher on x
    Next up: IBM takes over Snap. Releases “Enterprise Edition”. https://twitter.com/...
  • @bdsams Brad Sams on x
    Future headlines: IBM interested in buying TikTok AWS interested in buying TikTok RackSpace interested in buying TikTok Reddit interested in buying TikTok Pepperidge Farms interested in buying TikTok
  • @sruhle Stephanie Ruhle on x
    Oracle - closely linked to the Trump Administration https://twitter.com/...
  • @levie Aaron Levie on x
    Clever strategy to get teens into ERP systems while they're young. https://twitter.com/...
  • @sub8u Subrahmanyam Kvj on x
    Who's next? Salesforce, Slack, SAP, Adobe? “Oracle enters race to buy TikTok's US operations” https://www.ft.com/... https://twitter.com/...
  • @harrymccracken Harry McCracken on x
    Quick, name a more improbable merger. https://www.ft.com/...
  • @liamosaur Liam O on x
    The US deploys their one cyberweapon against TikTok that China can not yet match - the awesome power of Oracle to buy a product then run it into the ground and make it useless https://www.bloomberg.com/...
  • @drewharwell Drew Harwell on x
    Truly a victory for American free-market capitalism if a pro-Trump billionaire acquires the company Trump forced to be sold https://twitter.com/...
  • @litcapital Litquidity on x
    Mmm yes, TikTok will integrate nicely with Oracle's boomer enterprise software and solutions https://twitter.com/...
  • @teddyschleifer Teddy Schleifer on x
    That's Trump ally Larry Ellison, if it matters, which it does. https://twitter.com/...
  • @levynews Ari Levy on x
    because when I think relational databases, first thing that comes to mind is... https://twitter.com/...
  • @madhavchanchani Madhav Chanchani on x
    Oracle enters race to buy TikTok's US operations working with a group of US investors that already own a stake in ByteDance, including General Atlantic and Sequoia Capital Ellison is one of the few people in Silicon Valley who has openly supported Trump https://www.ft.com/...
  • @cleverdevil Jonathan LaCour on x
    Influencers: time to read up on per-core licensing models. https://twitter.com/...
  • @iansherr Ian Sherr on x
    When I think of social networking, the first thing that comes to mind is “Oracle.” https://twitter.com/...
  • @nickwingfield Nick Wingfield on x
    This has to be Oracle messing with Microsoft. https://twitter.com/...
  • @daniel_rubino Daniel Rubino on x
    Next week: Someone explains to Ellison and Catz what TikTok is and how it works. https://twitter.com/...
  • @swodinsky Shoshana Wodinsky on x
    everyone who's (rightfully) pointing out this is dumb as hell better get pumped for some kind of tiktok/oracle """integration""" that's inevitably going to happen within the next year https://twitter.com/...
  • @alantsen Alan Tsen on x
    Lol, can't wait for the Oracle's sales team to get a hold of TiKTok. “Download our white paper to find out how Oracle TikTok Enterprise can drive 13.75% more revenue for your business!” https://twitter.com/...
  • @vcstarterkit @vcstarterkit on x
    This actually makes a lot of sense if you think of Oracle as a law firm that just happens to sell software. https://twitter.com/...
  • @sarahfrier Sarah Frier on x
    I did not see this coming, probably because I was thinking about business model vs politics. Oracle's Ellison has a good relationship with Trump. https://twitter.com/...
  • @davidclowery David C Lowery on x
    “Instead of us stopping the bad shit we do (like not paying songwriters) we will start a twitter account.” https://twitter.com/...
  • @philstarnews @philstarnews on x
    On a web page titled “The Last Sunny Corner of the Internet,” TikTok maintained it was setting the record straight about the platform. https://www.philstar.com/...
  • @andyboxall Andy Boxall on x
    No big surprise here. Huawei has its @HuaweiFacts account, and an FAQ on its website to accurately respond to the (usually political) rhetoric spread about it. The same PR move makes sense for TikTok. What a sad state of affairs when companies are forced to do this. https://twitt…
  • @tiktok_comms @tiktok_comms on x
    TikTok is the daily destination for millions of people to express themselves creatively. We have launched a new information hub to shine a light on the facts, and serve as a source of truth to address the misinformation about TikTok. https://newsroom.tiktok.com/ ...
  • @stevekrak Steve Krakauer on x
    This is super weird. https://twitter.com/...