Oracle's stake in the newly formed TikTok U.S. joint venture is valued at approximately $2 billion. The venture is 80.1% owned by U.S. and global investors, with ByteDance retaining a 19.9% stake; Oracle, Silver Lake, and MGX each hold 15% as managing investors.
This deal resolves years of U.S. national security concerns and potential bans, culminating after a 2024 law required ByteDance to divest. Separately, Oracle reported strong quarterly revenue and forecasts continued growth through 2027, driven by demand for AI data centers.
The main topics covered are the TikTok U.S. joint venture ownership structure, the resolution of its U.S. regulatory challenges, and Oracle's separate financial performance and outlook.
Oracle's stake in TikTok's U.S. business operations is worth around $2 billion, a filing showed on Wednesday, more than a month after its Chinese parent ByteDance finalised a deal to set up a majority-owned American joint âventure to â avoid â a ban.
Under the agreement, U.S. and global investors together hold an 80.1% stake in TikTok USDS Joint Venture LLC, while ByteDance owns 19.9%.
Each of the joint venture's three managing investors -Oracle, private equity group Silver Lake and Abu Dhabi-based investment firm â MGX - holds âa 15% stake. Adam Presser was appointed CEO of the venture in January. *
â The deal was a milestone for the social media app after years of battles that began in August 2020, when President Donald Trump unsuccessfully tried to ban the platform over national security concerns. Trump opted not to enforce a law passed in April 2024 requiring ByteDance to sell âits U.S. assets by January 2025 or face a ban - a measure upheld by the Supreme Court.
Oracle â on Tuesday estimated that the AI data centre boom will power its revenue above Wall Street estimates well into 2027. The cloud computing company reported total revenue of $17.19 billion for the third quarter ended February 28, compared with analysts' average estimate of $16.91 billion, according to data compiled by LSEG.
Under the agreement, U.S. and global investors together hold an 80.1% stake in TikTok USDS Joint Venture LLC, while ByteDance owns 19.9%.
Each of the joint venture's three managing investors -Oracle, private equity group Silver Lake and Abu Dhabi-based investment firm â MGX - holds âa 15% stake. Adam Presser was appointed CEO of the venture in January. *
â The deal was a milestone for the social media app after years of battles that began in August 2020, when President Donald Trump unsuccessfully tried to ban the platform over national security concerns. Trump opted not to enforce a law passed in April 2024 requiring ByteDance to sell âits U.S. assets by January 2025 or face a ban - a measure upheld by the Supreme Court.
Oracle â on Tuesday estimated that the AI data centre boom will power its revenue above Wall Street estimates well into 2027. The cloud computing company reported total revenue of $17.19 billion for the third quarter ended February 28, compared with analysts' average estimate of $16.91 billion, according to data compiled by LSEG.
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