Trump says Oracle, a good company, could take over TikTok in the US

U.S. President Donald Trump said on Tuesday that Oracle Corp is a good company and could take over popular Chinese-owned social media app TikTok in the United States, after he issued an order mandating its sale in 90 days.

U.S. President Donald Trump delivers remarks during a campaign rally at Yuma, AZ, U.S., August 18, 2020. REUTERS/Tom BrennerWASHINGTON: U.S. President Donald Trump said on Tuesday that Oracle Corp is a good company and could take over popular Chinese-owned social media app TikTok in the United States, after he issued an order mandating its sale in 90 days.

The remarks came after Oracle joined some of the investors of TikTok's Chinese owner, ByteDance, in pursuing a bid for the short-video app's operations in North America, Australia and New Zealand, Reuters reported.

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Oracle in talks to buy TikTok's US business, FT reportsWASHINGTON (BLOOMBERG) - Oracle Corp has held preliminary talks with ByteDance on a potential bid for part of TikTok's business, seeking to rival Microsoft in the race to acquire the viral video streaming app, the Financial Times has reported.. Read more at straitstimes.com.
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