General Atlantic, Sequoia Capital Are Key Drivers in Oracle Bid for TikTok

Investment firms with large existing stakes in ByteDance pursue deal for app’s U.S. operations, as potential alternative to Microsoft

Only days after President Trump threatened to ban TikTok, Microsoft announced it is pushing ahead with plans to buy the U.S. operations of the hugely popular video-sharing platform. WSJ's Eva Xiao looks at what it means for China's hit internet export. Photo: Frank Hoermann/Sven Simon/Zuma Press

General Atlantic and Sequoia Capital, two major investors in TikTok’s Chinese parent company, are maneuvering to be part of a deal to acquire the U.S. operations of the popular video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar with the discussions.

The investment firms, which own large stakes in Beijing-based ByteDance Ltd., are key drivers behind a possible bid for TikTok by a group including Oracle Corp., the people said. The Oracle group emerged recently as a possible...

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