Oracle and Microsoft are reportedly in talks to take over TikTok
Posted: Jan 25, 2025
- Oracle and Microsoft are in talks to take over TikTok's global operations
- Oracle would run TikTok's global operations while Microsoft is in talks to invest
- White House is reportedly negotiating the deal
- ByteDance would keep a minority stake in TikTok
- Oracle would oversee the app's algorithm, data collection, and software updates
- Goal is to minimize Chinese ownership
- Microsoft's involvement is not clear, but the company was previously involved in a bid with Oracle and Walmart
- Walmart is not involved this time due to the estimated price of the app
- Talks come after President Trump issued an executive order giving TikTok a 75-day reprieve
- Possibility of a joint venture in which the US owns 50% of the company mentioned
- No official comments from Oracle, Microsoft, TikTok, or the White House
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While there are some neutral and humorous comments, several users express skepticism about the acquisition and concern over Oracle's influence and potential insider trading. Summarized comments: - Satya Nadella's ability to acquire large companies is noted as impressive - Speculation about Oracle insider trading due to options trading activity - Questions are raised about Oracle's influence in the current administration - Skepticism exists about the truth of the rumors - Curiosity about whether TikTok would be integrated into Microsoft products - Interest in potential changes to TikTok's algorithms - A preference for Microsoft over Oracle in acquiring TikTok is expressed Stock tickers discussed: $ORCL, $MSFT
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