Oracle and Microsoft may seem like unlikely candidates to take over TikTok — but their existing enterprise operations could factor in to the acquisition attempt
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This story was delivered to Insider Intelligence Connectivity & Tech Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Connectivity & Tech industry with the Connectivity & Tech Briefing.Late last week, Oracle reportedly put together a bid to acquire TikTok operations across the US, Canada, Australia, and New Zealand,
TheWrap. As part of the transaction, Oracle would give TikTok's parent company ByteDance $10 billion in stock and half of the profit generated by TikTok in perpetuity.
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