Oracle's Strategic TikTok Deal a Long-Term Upside Catalyst

about 1 month ago

"And then you look and you're like, oh, wait, ticktock. Oh, okay. So that was like the big push. What's the what's Oracle? Oracle is a leading group of investors involved in this joint venture to take control. Because remember, Bytedance, a company that owns, you know, behind Tick Tock, they've been under pressure from the White House because they want to split because its Chinese owner, Bytedance. And so now Oracle has kind of leading this group and it's expected to close January 22nd. This is a nice win for Oracle, some upside optionality over the long term."

The speaker highlights Oracle's leading role in a joint venture aimed at taking control of TikTok amid geopolitical pressure on Bytedance. The memo circulated to employees, along with participation from Silver Lake and MGM, is cited as a strategic move providing long-term upside despite near-term financing concerns.

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