Oracle’s possible pursuit of a deal for Tiktok, owned by China’s ByteDance Ltd, makes more sense in light of Oracle’s desire to build up its cloud-computing and consumer-data businesses. — David Paul Morris/Bloomberg
Oracle Corp’s preliminary interest in making a bid for TikTok, on first glance, looks like an awkward fit – the 43-year-old software giant best known for legacy corporate databases and the music-video sharing app beloved by teens seem as different as two companies can be.
But the match may not be as far-fetched as it first appears. The world’s second-largest software maker has approached investors including Sequoia Capital to partner on a bid for TikTok’s business in the United States, Canada, Australia and New Zealand, people familiar with the matter told Bloomberg late Aug 17.
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