London investment firm Centricus makes surprise entry into Tiktok takeover race October 9, 2020 A little-known British investment firm has reportedly emerged as a shock bidder for Tiktok as it looks to derail Oracle’s tie-up with the Chinese viral video app. London-based Centricus Asset Management has been in negotiations with the chief executive of Tiktok’s parent company Bytedance for weeks, the Wall Street Journal reported. The firm is said [...]
The clock is ticking for Oracle to make sense of the TikTok deal September 29, 2020 What does the world’s largest enterprise software firm see in a Chinese video-sharing social networking app? Putting the intense political pressure by the US government to make this deal work to one side, the two businesses seem like chalk and cheese to hard-nosed City investors. One company is a behemoth known for serving the corporate [...]