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Trump Backs Oracle’s TikTok Bid in Boost for Donor Larry Ellison

  • Oracle leadership has supported Trump’s re-election efforts
  • Rival bid may drive up TikTok’s price, and the Treasury’s cut
Bloomberg business news

Aug. 18: Oracle Said to Be Weighing Bid for TikTok’s U.S. Business

Oracle Corp.’s bid for the U.S. operations of TikTok received the backing of U.S. President Donald Trump, bolstering the software maker’s attempt to derail takeover talks led by rival Microsoft Corp.

“Oracle is a great company,” said Trump during a speech in Arizona on Tuesday. “I think its owner is a tremendous guy. He’s a tremendous person. I think that Oracle would be certainly somebody that could handle it.”