By Jabin Bastian
Publication Date: 2025-12-22 20:01:00
Shares of enterprise software giant Oracle (NYSE:ORCL) rose 2.9% in the afternoon as the stock’s positive momentum continued as reports emerged that its U.S. joint venture had secured a majority stake in TikTok’s U.S. operations along with other American investors.
The deal, aimed at addressing national security concerns, was seen as a major victory for Oracle’s cloud business as the popular video app became a major customer. The move was expected to solidify Oracle’s position as a major provider of cloud and data security services. The news gave the stock a boost after coming under selling pressure in previous sessions.
In addition to the day’s positive news, Oracle co-founder Larry Ellison also agreed to provide a personal guarantee of $40.4 billion in equity financing for a separate deal involving Paramount Skydance’s bid for Warner Bros. Discovery.
After the initial bounce, shares cooled to $198.48, a rise…
