By Brian M. Reiser Oracle Corp (NYSE: ORCL) is considering purchasing several regional assets of TikTok, the social media brand owned by Chinese company ByteDance. But does such a deal make any sense? And will it help Oracle’s stock price?
President Trump has threatened to shut down TikTok in the United States within 90 days if ByteDance doesn’t sell to an American company. Oracle’s co-founder and CTO Larry Ellison is a friend and major donor for Trump.
Meanwhile, Microsoft Corp (Nasdaq: MSFT) has also expressed interest in purchasing TikTok. Even Twitter (NYSE: TWTR) has shown some interest.
Oracle Stock and a TikTok Purchase
Oracle Corp has reportedly been …read more
