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Why enterprise tech giants like Microsoft and Oracle want in on the TikTok sale - Business Insider

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ICYMI: Oracle and Microsoft may seem like unlikely candidates to take over TikTok — but their existing enterprise operations could factor in to the acquisition attempt

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This story was delivered to Insider Intelligence Connectivity & Tech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Connectivity & Tech industry with the Connectivity & Tech Briefing.Late last week, Oracle reportedly put together a bid to acquire TikTok operations across the US, Canada, Australia, and New Zealand,

TheWrap. As part of the transaction, Oracle would give TikTok's parent company ByteDance $10 billion in stock and half of the profit generated by TikTok in perpetuity.

 

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If these numbers are to be believed, Oracle really wants TikTok. $10b in stock + 50% of profit in perpetuity. My goodness.

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