News

Silicon Valley Trump Supporter Joins Talks To Buy TikTok

Combined Shape

Software company Oracle is in talks to acquire TikTok after President Donald Trump promised to ban the Chinese-owned app if Microsoft or some other American company does not purchase the social media platform before November, the Financial Times reported Monday.

Oracle is in talks with TikTok’s owner, ByteDance, to buy the app’s operations in the United States, the Financial Times reported.

Oracle’s co-founder, Larry Ellison, reportedly hosted a fundraiser for Trump in February and told Forbes in April that he supports the president.

Trump signed a pair of executive orders on Aug. 6 barring American transaction with ByteDance and Tencent Holdings, the parent companies of TikTok and WeChat, respectively.

The orders ban individuals from communicating with the companies for 45 days.

Trending:
US Chamber of Commerce Defies Biden, Calls for Termination of Weekly Unemployment Perk

The president later suggested that he is amenable to the idea of Microsoft purchasing the upstart Chinese company, so long as the acquisition comes by Sept. 15. Trump also said a portion of profits from a potential sale should go to the U.S. Treasury.

His orders came amid scrutiny from American officials who believe TikTok is a threat to national security through its collection of user data.

Twitter is also in talks for a potential combination with TikTok in the U.S., The Wall Street Journal reported.

Oracle was working with investors that already own a stake in ByteDance, including Sequoia Capital, a Silicon Valley venture capital firm.

Would you support Oracle purchasing TikTok?

Doug Leone, a Sequoia global managing partner, pressed the U.S. Treasury and White House adviser Jared Kushner to find a way to keep TikTok in the U.S.

Leone and his wife, Patricia, gave a combined $100,000 to Trump’s reelection bid in 2019, The Washington Post reported.

Leone also holds a position on the president’s task force for reopening the economy, The Post noted.

Sequoia remains supportive of TikTok and looks forward to the company reaching “a win-win solution for all parties” involved, Sequoia spokeswoman Natalie Miyake said in a statement.

Neither TikTok nor Oracle have responded to the Daily Caller News Foundation’s request for comment.

Related:
Trump Issues Fiery Statement After Feds Drops Long-Running Case Against Him: 'Law and Justice in Our Country at Its Lowest!'

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of their original content, please contact licensing@dailycallernewsfoundation.org.

A version of this article appeared on The Daily Caller News Foundation website.

Truth and Accuracy

Submit a Correction →






We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
, , , ,
Founded by Tucker Carlson, a 25-year veteran of print and broadcast media, and Neil Patel, former chief policy adviser to Vice President Dick Cheney, The Daily Caller News Foundation is a 501(c)(3) non-profit providing original investigative reporting from a team of professional reporters that operates for the public benefit.




Conversation