By Reuters
Publication Date: 2026-03-11 21:30:00
March 11 (Reuters) – Oracle’s stake in TikTok’s U.S. operations is worth about $2 billion, according to a filing on Wednesday, more than a month after Chinese parent ByteDance struck a deal to form a majority-owned American joint venture to avoid a ban.
Under the agreement, U.S. and global investors together hold 80.1% ownership of TikTok USDS Joint Venture LLC, while ByteDance owns 19.9%.
* Each of the joint venture’s three managing investors – Oracle, private equity group Silver Lake and Abu Dhabi-based investment firm MGX – owns a 15% stake. * Adam Presser was named CEO of the company in January. * The deal was a milestone for the social media app after years of struggles that began in August 2020 when President Donald Trump unsuccessfully tried to ban the platform on national security grounds. * Trump has chosen not to enforce a law passed in April 2024 that requires ByteDance to sell its US assets by January 2025…
