Oracle Corp

ORCL: XNYS (USA)
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Oracle: TikTok Deal Secures Major Cash Flow but Does Little to Derisk Oracle's Data Center Buildout

Multiple media outlets, including Associated Press, reported that ByteDance has reached an agreement with Oracle, Silver Lake, and Abu Dhabi-based MGX to set up a joint venture for TikTok's US operations. Oracle will hold a 15% stake in the new entity, while ByteDance will retain a 19.9% stake.

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