Oracle and Larry Ellison In Works For TikTok JD Vance Teases Trump’s decision and timeline
- Picture Perfect Story
- Apr 6
- 1 min read
Oracle, led by co-founder Larry Ellison, is reportedly leading bids to acquire TikTok's U.S. operations, competing against offers from Amazon and other investors. The Trump administration is considering a proposal where U.S. investors, including firms like Andreessen Horowitz, Blackstone, and Silver Lake, would collectively acquire about a 50% stake in TikTok's American business. ByteDance, TikTok's parent company, would retain just under 20% to comply with legal thresholds.
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