Trump Backs Oracle’s TikTok Bid in Boost for Donor Ellison

Oracle Corp.’s bid for the U.S. operations of TikTok received the backing of U.S. President Donald Trump, bolstering the software maker’s attempt to derail takeover talks led by rival Microsoft Corp.

“Oracle is a great company,” said Trump during a speech in Arizona on Tuesday. “I think its owner is a tremendous guy. He’s a tremendous person. I think that Oracle would be certainly somebody that could handle it.”

Oracle has strong ties to Trump, at a time when Silicon Valley is under scrutiny from both sides of the U.S. political divide. Co-founder Larry Ellison hosted a fundraiser ...