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Trump believes Oracle could take over TikTok in US

Washington: US President Donald Trump has said that US software company Oracle is a good company and would be able to handle the acquisition of the Chinese video sharing platform TikTok in the country.

Trump’s remarks came after Oracle joined some of the investors of TikTok’s Chinese owner, ByteDance, in pursuing a bid for the short-video app’s operations in North America, Australia and New Zealand.

“Well, I think Oracle is a great company and I think its owner is a tremendous guy, tremendous person. I think that Oracle would be certainly somebody that could handle it,’ Trump told reporters on Tuesday evening.

Trump pointed out that other companies aside from Oracle and Microsoft are probably interested in purchasing TikTok.

Microsoft has emerged as the main bidder for TikTok while Twitter has also held talks with TikTok’s parent company ByteDance.

Trump has set a September 15 deadline for ByteDance to hand over US operations to an American-owned company due to national security concerns or else the social media application will be banned from the United States.

According to media reports, TikTok has been downloaded more than 175 million times in the United States.

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