Why are both Microsoft and Oracle interested in purchasing TikTok?

Question

TikTok is facing US sanctions and severe criticism (at least by the tech community) for privacy invasion.In spite of this Microsoft and Oracle are allegedly looking to purchase the US operations - why?I'm unsure if this is a business decision or something else.

erklik · Accepted Answer

> severe criticism (at least by the tech community)Is it? I haven't seen tech community specific severe criticism. Its more that most think its the same as any other social media. It seems to be getting more criticism from Media and the US President because one, it's China and two, he feels personally insulted.

sloaken · Answer

Distressed assets they think they can pickup cheap.

leptoniscool · Answer

Same reason why Facebook bought instagram and why any other acquisitions happen: add value.The reason for Trump's ire isn't security or privacy, it's that the youngsters are using it to trick Trump: https://www.nytimes.com/2020/06/21/style/tiktok-trump-rally-...

Why are both Microsoft and Oracle interested in purchasing TikTok?

TikTok is facing US sanctions and severe criticism (at least by the tech community) for privacy invasion.
In spite of this Microsoft and Oracle are allegedly looking to purchase the US operations - why?
I'm unsure if this is a business decision or something else.

Distressed assets they think they can pickup cheap.

Same reason why Facebook bought instagram and why any other acquisitions happen: add value.
The reason for Trump's ire isn't security or privacy, it's that the youngsters are using it to trick Trump: https://www.nytimes.com/2020/06/21/style/tiktok-trump-rally-...