Oracle News

3 articles in oracle

TikTok announces it has finalized deal to establish US entity, sidestepping ban

Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX TikTok announced on Thursday it had closed a deal to establish a new US entity, allowing it to sidestep a ban and ending a long legal battle. The deal finalized by ByteDance, TikTok’s Chinese owner, sets up a majority American-owned venture, with investors including Larry Ellison’s Oracle, the private-equity group Silver Lake and Abu Dhabi’s MGX owning 80.1% of the new entity, while ByteDance will own 19.9%. This article was amended on 23 January 2026 to clarify that the new board includes a senior advisor to TPG, not a current TPG executive. Continue reading...

theguardian.com

Jan 23

TikTokUS newsOracle

TikTok agrees to deal to cede control of US business to American investor group

The deal closes a long-running drama in which U.S. authorities have sought to compel ByteDance to divest.

techcrunch.com

Dec 19, 2025

SocialbytedanceDonald Trump

Oracle hit hard in Wall Street’s tech sell-off over its huge AI bet

Company falls more than rivals over its borrowing and reliance on OpenAI contracts.

arstechnica.com

Nov 17, 2025

AIBiz & ITLarry Ellison