Oracle's stake in TikTok US joint venture is worth roughly $2 billion, filing shows
The Hindu
Oracle’s stake in TikTok’s U.S. business operations is worth around $2 billion, a filing showed on Wednesday
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 venture to avoid 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 MGX — holds a 15% stake.
Adam Presser was appointed CEO of the venture in January.
The deal was a milestone for the social media app after years of battles that began in August 2020, when U.S. 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 its U.S. assets by January 2025 or face a ban — a measure upheld by the Supreme Court.
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