who will buy tiktok

The likely buyer for TikTok's U.S. operations is expected to be a consortium of investors led by Oracle executive chairman Larry Ellison. This deal is part of a framework agreement recently reached between the U.S. and China to allow TikTok to continue operating in the U.S. Oracle, already TikTok's U.S. cloud provider, is well-positioned financially and strategically. Other bidders have included a group called "The People's Bid," led by Frank McCourt, Kevin O'Leary, and Alexis Ohanian, as well as big companies like Microsoft and Amazon. However, Oracle's consortium is considered the frontrunner, especially since it has the financial capability to buy TikTok's core algorithm and U.S. operations, which is a critical part of the deal. The deal could be worth more than $50 billion and is expected to comply with U.S. legal requirements by limiting ByteDance's ownership stake to below 20%.