The company controlled by billionaire Larry Ellison has made a preliminary approach to other parties, including the venture capital firm Sequoia Capital, to partner with it in a bid for the app’s operations in the United States, Canada, Australia and New Zealand, the people said, asking not to be identified.
Oracle didn’t immediately respond while ByteDance declined to comment when contacted by Bloomberg. Sequoia, a venture investor in ByteDance, also declined to comment. TheOracle co-founder Ellison is one of the few Silicon Valley moguls to openly support Trump. The billionaire, whose company was once among the industry’s most aggressively acquisitive, has hosted a fundraiser at his estate for the US president.
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