Oracle interested in buying TikTok: report

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Oracle Corp. ORCL,
-0,38%
entered the scene as a potential buyer of TikTok, the Financial Times reported Monday evening. Citing sources knowledgeable on the matter, the FT reported that Oracle has had preliminary talks with TikTok owner Bytedance Inc. and is working with a group of investors who already own a stake in the Chinese company. President Donald Trump on Friday ordered Bytedance to dispose of assets used to support TikTok, the popular social media app, in the United States within 90 days. Trump says the app’s data collection poses a threat to national security. Microsoft Corp. MSFT,
+ 0,66%
was considered the pioneer to buy the app’s operations in the United States, Canada, Australia and New Zealand, via Twitter Inc. TWTR,
+ 0,18%
would also have expressed interest.

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