Oracle chairman says SoftBank’s Masayoshi Son likely to join TikTok board: Fox Business
- TikTok is likely to add Masayoshi Son of Softbank to its board if the Oracle bid is successful, says Larry Ellison, according to Fox Business Network
- The potential involvement of the legendary Japanese investor is the latest twist in the deal negotiation process
The other four out of five board members “will be American”, Bartiromo said during an edition of Mornings with Maria, citing a conversation she had with Oracle Chairman Larry Ellison this week.
The potential involvement of the legendary Japanese investor was the latest twist in the deal negotiation process as the Chinese-owned hit video-sharing app attempts to strike an agreement on how to operate in the US.
The Trump administration has said that the app’s Chinese owner could threaten US national security because it can be obliged to hand over sensitive US personal data to Beijing.
As of Tuesday, Oracle’s bid for TikTok’s US operations reportedly still included ByteDance founder Zhang Yiming on the board. Walmart chief executive Doug McMillon will become a director. The rest of the board will consist of ByteDance’s existing backers, including General Atlantic and Sequoia Capital.
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Global expansion of TikTok and other Chinese tech companies is likely, only not in the West
SoftBank has been exploring a bid for TikTok’s India assets in the past month. Since the discussions for the India operations have petered out, the Japanese investor has become more active in the group negotiating for the US assets, according to news reports.
