Oracle, controlled by billionaire Larry Ellison, has made initial contact with relevant parties, including venture capital companies such as Sequoia Capital, which have cooperated with them to bid for tiktok’s businesses in the United States, Canada, Australia and New Zealand, according to people familiar with the matter who asked for anonymity. The addition of Oracle may challenge Microsoft’s bargaining power. Redmond based Microsoft is the only company that has publicly confirmed that it is negotiating with the tiktok owner byte bounce. On Friday, US President trump ordered byte jump to sell its US assets within 90 days, following an earlier executive order banning U.S. individuals and companies from doing business with tiktok, effective 45 days after it was signed on August 6. < / P > < p > oracle was one of the industry’s most sought after companies, and Ellison, its co-founder, is one of the few Silicon Valley tycoons who publicly support trump. The billionaire also held a fundraising event for trump on his estate. As the world’s second-largest software manufacturer, Oracle mainly supplies to corporate customers and has hardly invested in consumer applications or social media. With a market value of about $166 billion and cash or cash equivalents of about $43 billion at the end of May, Oracle is one of the few companies that can afford to buy tiktok related assets at a high price. Analysts and bankers estimate that tiktok’s U.S. business is valued at between $20 billion and $50 billion, with such a large valuation range that the complexity of divesting tiktok’s us and global businesses can be seen. < p > < p > in 2017, byte beat acquired Musical.ly And merge it with tiktok, which has more than 100 million users in the United States alone. < / P > < p > other bidders who may be interested in tiktok’s assets include twitter. Twitter is one of the U.S. technology companies seeking a possible bid, according to several people familiar with the discussions, although it is not clear how far the negotiations have gone.