Less than two days after Microsoft Corp. and Oracle Corp. submitted rival bids to China’s ByteDance Ltd. to acquire TikTok’s US business, a dark-horse possible third bidder emerged as the two software makers waited for a response to their offers. On Friday, Centricus Asset Management Ltd. and Triller Inc. made a last-minute pitch to buy TikTok’s operations in several countries for US$20 billion ($27.21 billion), according to a person familiar with the matter.

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