AfterDawn: Tech news

Oracle, of all companies, acquires TikTok U.S. operations

Written by Matti Robinson @ 14 Sep 2020 11:57

Oracle, of all companies, acquires TikTok U.S. operations

The controversial social media TikTok has been acquired by a company that not many even considered in the race. Oracle, the company behind MySQL, Java and other computer technologies, has bought TikTok's American operations, Bloomberg reports.
Microsoft was in talks with TikTok for a while, and the Chinese-owned social media even tried to sweet talk U.S. government into not having to sell its operations.

However, Trump administration didn't back down from forcing change in ownership for the U.S. operations to keep up the app available. The administration cited security concerns with Chinese government possibly intervening in TikTok's businesses and data.

And now we're at Oracle owning the teen-focused app with short videos of dancing and cute animals, what else.



Oracle is one of the largest technology companies on the planet but they are largely developing enterprise solutions, AI, cloud computing, and data technologies, not so much consumer products or apps.

At this point there aren't a lot of details about the acquisition but it seems like the TikTok U.S. operations are separated to a new entity that will be owned by Oracle and the original sole owner ByteDance.

There's no word on how much this cost Oracle but we're talking billions, tens of billions even. Early offers from both Microsoft and Oracle are said to be in the $25 billion range.

Now, we'll have to wait and see whether the government is willing to bless this marriage and let TikTok entertain the public hungry for awkward dances in the future.

Previous Next Write a comment
Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive