Oracle reveals $2.2 billion investment in TikTok's US business after ByteDance divestment, holds 15% stake

On Wednesday, Oracle Corp ORCL disclosed it has invested about $2.2 billion in the new U.S. entity running TikTok, confirming a 15% ownership stake following the restructuring of the platform's ...

Oracle's stake in TikTok US joint venture is worth roughly $2 billion, filing shows

March 11 (Reuters) - 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 finalized a deal ...

Oracle's TikTok stake sits at just over $2 billion, filing shows

Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.
Outlook Business

Oracle Spent $2.2 Bn for 15% Stake in TikTok and Became Its American Landlord

Oracle Corp has invested roughly $2.2 billion in TikTok's newly restructured American entity, TikTok USDS Joint Venture LLC, securing a 15% ownership stake in the platform.
24/7 Wall St.

Live: Oracle (ORCL) Reports Q3 Earnings After the Bell Tonight — Here’s What to Watch

Live Updates Conference Call Highlights 18 hours ago Here’s the key highlights from Oracle’s conference call: First 20/20 ...
The Hollywood Reporter

Warner Bros.’ Cease-and-Desist Says TikTok Owner Made “Deliberate Design Choice” to Rip Off Its IP

The studio, which joins Paramount and Disney in sending cease-and-desists to ByteDance, accuses the company of deliberately rolling out Seedance 2.0 without safeguards. By Winston Cho ByteDance’s ...