TikTok Major Shareholders Prefer Oracle Over MS as Buyer... Will TikTok Acquisition Accelerate?

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] It is reported that the major American shareholders who invested in ByteDance, the parent company of TikTok, prefer Oracle over Microsoft (MS) as the acquirer of TikTok.

On the 25th (local time), The Wall Street Journal (WSJ) reported that American venture capital firms General Atlantic and Sequoia Capital are pushing for a plan to acquire TikTok together with Oracle.

General Atlantic and Sequoia Capital are major investors who have each appointed one director to the ByteDance board.

WSJ cited sources saying that they chose Oracle as an alternative because they believe their investment opportunities would decrease if MS acquires TikTok.

In particular, Sequoia Capital is known to be close to the Trump administration, and it is expected to exert some influence on the future direction of the TikTok acquisition battle.

Oracle, which Sequoia Capital is considering as a partner in the acquisition, is also classified as pro-Trump. Oracle founder Larry Ellison hosted a fundraising event for President Trump's re-election earlier this year at his residence in California.

Recently, President Trump expressed support for Oracle's acquisition of TikTok, saying, "Oracle is a great company" and "Oracle can handle TikTok."

This content was produced with the assistance of AI translation services.