Tiktok Logo. Photo. Courtesy
By Blessing Tamara,
Studies of poly market reports show that Oracle and Microsoft are in talks to buy TikTok’s US business, where Oracle is said to manage TikTok’s algorithm and data handling procedures.
Although the White House is involved in these negotiations, President Donald Trump has denied cooperating with Oracle in this process.
Other emerging buyers are Elon Musk and billionaire Frank McCourt, with TikTok’s future in the US still unclear.
Currently, traders estimate that Oracle has a strong chance of buying TikTok, with a 34 percent chance of success.
If this prediction is confirmed, those who predict “yes” can get a profit of 194 percent. Conversely, if Oracle fails, traders who predict “no” can get a profit of 51 percent.
