What is the value of Oracle's stake in TikTok's U.S. business?

Oracle's stake in TikTok's U.S. business operations is valued at approximately $2 billion.

Who owns the majority stake in the TikTok U.S. joint venture?

U.S. and global investors collectively own 80.1% of the TikTok USDS Joint Venture LLC.

Why did ByteDance establish a U.S. joint venture for TikTok?

ByteDance established a U.S. joint venture to avoid a potential ban on TikTok's operations in the United States.

Home / Business and Economy / Oracle's TikTok Stake Valued at $2 Billion

Oracle's TikTok Stake Valued at $2 Billion

12 Mar

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Summary

Oracle's stake in TikTok's U.S. operations is valued at $2 billion.
A deal was finalized by ByteDance for TikTok's U.S. business.
U.S. and global investors collectively own 80.1% of the U.S. venture.

Oracle's TikTok Stake Valued at $2 Billion

Oracle's investment in the U.S. operations of the popular social media platform TikTok is valued at approximately $2 billion. This figure emerged in a filing made on Wednesday, over a month after TikTok's parent company, ByteDance, concluded an agreement to form a majority-owned U.S. joint venture.

This strategic move by ByteDance was intended to circumvent a potential ban on TikTok's operations within the United States. The finalized deal stipulates that U.S. and global investors together will own 80.1% of the newly formed TikTok USDS Joint Venture LLC. ByteDance will retain a 19.9% ownership in this entity, signifying a significant shift in the platform's corporate structure for its American business.