Oracle: Bargain Due to TikTok Consortium Deal

about 1 month ago

Alexandra Seminova

"I've been watching shares of Oracle really closely as we get more updates on this closely watched TikTok deal with the U.S. in which it is supposed to be among a consortium of investors buying the company. The Trump administration said today that they expect a valuation of about $14 billion. That's actually well below what the expectations were. We're kind of disappointing investors. Investors say that a deal at that price would be a bargain for buyers, including Oracle and partners, Silver Lake Management. And accordingly, the stock is down a little bit this morning, though I do have to say it has had a fantastic run this year."

Oracle appears to be trading at a discount relative to expectations due to its involvement in a TikTok consortium deal, a fact that some investors view as a bargain opportunity given its strong performance earlier in the year.

Related Stocks