Oracle shares rise; new investor group set to take control of TikTok's US operations
ReutersDec 19, 2025 10:20 AM
Shares of AI cloud firm Oracle ORCL.N up 5.6% at $190.22 premarket
Co part of investor group that will take control of TikTok's U.S. operations after ByteDance agreement
About 80.1% of new venture will be owned by American or global investors; ByteDance retains 19.9%
Oracle, Silver Lake, Abu Dhabi-based MGX among investors in U.S. venture; deal aims to avert U.S. ban and resolve national security concerns
Financial terms of deal were not disclosed
TikTok has 170 mln U.S. users; divestiture follows years of uncertainty since Trump's 2020 ban attempt
ORCL stock up 8% YTD, as of last close
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