Several people involved in the matter have reportedly announced that Oracle has won the bid for the US operations of TikTok.
However, this will not be an outright sale and instead Oracle will become a “tech partner” with Byte Dance, the Chinese multinational company that developed TikTok.
Microsoft announced in a statement on September 13th that their offer had been rejected by Byte Dance.
Many people have taken to the internet to find out more about Larry Ellison, the Co- Founder of Oracle, after news of the deal broke.
Who is Larry Ellison?
Larry Ellison is a 76 year old American businessman, who is a co-founder and the executive chairman and chief technology officer of Oracle Corporation.
In October 2019, he was listed by Forbes magazine as the fourth-wealthiest person in the United States and as the sixth-wealthiest in the world.
According to Forbes, Larry has the net worth of $72 billion as of 2020, and he owns 35.4% of Oracle.
What is Oracle?
Oracle Corporation is an American multinational computer technology corporation which sells database software and technology, cloud engineered systems, and enterprise software products.
The Oracle headquarters are in Redwood Shores, California.
In other news, What is the car trend on TikTok? Viral videos explained!