Trump backs Oracle as potential TikTok buyer
(2020/08/19)
- Reference: 1597807639
- News link: https://www.theregister.co.uk/2020/08/19/trump_backs_oracle_as_tiktok/
- Source link:
US president Donald Trump has signaled his support of Oracle as a buyer for contentions made-in-China social media app TikTok.
"I think that Oracle would be certainly somebody that could handle it," Trump said at a press conference in Yuma, Arizona on Tuesday. He also called Oracle co-founder Larry Ellison a "tremendous guy".
Trump's support of such a deal comes after yesterday's [1]news that Oracle had reportedly expressed interest in acquiring TikTok's operations across the USA, Canada, Australia and New Zealand.
Oracle has remained silent on its intentions and has offered no hint of why it finds TikTok attractive. Speculation currently centers on the possibility of integrating TikTok user data with Oracle's marketing products, which could increase their value for business-to-consumer marketers.
Microsoft is also considering a play for TikTok, but Oracle is reportedly willing to trump Redmond's bid.
If either company wants TikTok they'll have to move fast as the Trump administration has said it will [2]ban the Chinese social media app from the US unless it agrees to sell its local operations to an American company before November 20th.
At the Yuma rally, Trump reiterated that he believes the US Treasury should take a cut for his part in any deal. ®
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[1] https://www.theregister.com/2020/08/18/oracle_tiktok_talks/
[2] https://www.theregister.com/2020/08/07/us_wechat_tiktok_national_security_threats/
[3] https://whitepapers.theregister.com/
"I think that Oracle would be certainly somebody that could handle it," Trump said at a press conference in Yuma, Arizona on Tuesday. He also called Oracle co-founder Larry Ellison a "tremendous guy".
Trump's support of such a deal comes after yesterday's [1]news that Oracle had reportedly expressed interest in acquiring TikTok's operations across the USA, Canada, Australia and New Zealand.
Oracle has remained silent on its intentions and has offered no hint of why it finds TikTok attractive. Speculation currently centers on the possibility of integrating TikTok user data with Oracle's marketing products, which could increase their value for business-to-consumer marketers.
Microsoft is also considering a play for TikTok, but Oracle is reportedly willing to trump Redmond's bid.
If either company wants TikTok they'll have to move fast as the Trump administration has said it will [2]ban the Chinese social media app from the US unless it agrees to sell its local operations to an American company before November 20th.
At the Yuma rally, Trump reiterated that he believes the US Treasury should take a cut for his part in any deal. ®
Get our [3]Tech Resources
[1] https://www.theregister.com/2020/08/18/oracle_tiktok_talks/
[2] https://www.theregister.com/2020/08/07/us_wechat_tiktok_national_security_threats/
[3] https://whitepapers.theregister.com/
Is it just me, or isn't that the same thing as hoping Oracle dies as a company?
Is it just me, or isn't that the same thing as hoping Oracle dies as a company?