Oracle wins proposed deal with TikTok

Summary List PlacementHi! Welcome to the Insider Advertising daily for September 15. I’m Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at ljohnson@businessinsider.com. Today’s news: Oracle wins proposed deal with TikTok, the pitch deck that helped tech firm…

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Oracle just reportedly entered the race to buy TikTok’s US operations, competing with rival Microsoft for the viral app as Trump’s deadline looms (ORCL)

Oracle is in preliminary talks with TikTok parent ByteDance to buy the app’s operations in the US, Canada, Australia, and New Zealand, the Financial Times reported Monday. Oracle has been working with US investors, including General Atlantic and Sequoia Capital, who own a stake in TikTok already, according to the Financial Times. Founder Larry Ellison…

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