The race to purchase Chinese short video sharing app TikTok seems to be getting stiffer with each passing day. Several American companies and interested parties have expressed their interest to acquire the company’s operations in the United States.
Notable companies like Microsoft Corp (MSFT) and Twitter Inc. (TWTR) have expressed interests of buying the company. Yet another U.S based Tech Company, Oracle Corp. (ORCL) has become the latest entry in the race buy TikTok’s U.S operations.
According to reports first published on Financial Times, Oracle has held preliminary talks with TikTok’s parent company ByteDance further Oracle is aiming at purchasing TikTok’s operations in U.S, Canada, New Zealand and Australia.
Oracle is said to be working with multiple U.S investors who own stakes in ByteDance among them include Sequoia Capital and General Atlantic.
Microsoft is still considered as the front runner in the race to acquire TikTok due to its financial muscles capability. Initially, Microsoft was aiming at acquiring the global operations however, earlier in the month it was reported Microsoft is now aiming at purchasing TikTok’s U.S, Europe and India operations.
Nonetheless, Financial Times claim ByteDance is not willing to sell any of its operations beyond those in the United States, Australia, New Zealand and Canada.