Oracle Is in Talks To Acquire Tiktok’s U.S. Operations, Challenging Microsoft.

It is reported that $Oracle (ORCL.US)$ is weighing a potential bid for part of TikTok’s business, seeking to rival $Microsoft (MSFT.US)$ in the race to acquire the viral video streaming app.

Oracle increased by 3.87% in today's premarket trading. Oracle has a history of being acquisitive but has slowed down on large deals in recent years.Are you optimistic about this acquisition?