(CNBC) Oracle, an enterprise software giant, is in talks to acquire social media company TikTok’s U.S., Canadian, Australian and New Zealand assets, according to a person familiar with the matter. Oracle is working with a group of U.S. venture capital firms that already have a stake in TikTok, said the person, who asked not to be named because the negotiations are private.
Oracle is in talks to acquire TikTok’s U.S. operations, challenging Microsoft, source says
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