By Alex Perry
Publication Date: 2025-12-19 16:13:00
Shares of Oracle Corporation (NASDAQ:ORCL) are trading higher on Friday after reports confirmed the tech company will be one the new owner of TikTok.
What you should know: The fate of TikTok in the United States is uncertain due to the US President Donald TrumpThreats of a ban. On Thursday, multiple reports said Oracle and a group of investors had agreed to buy the company.
The investor group also includes a private equity firm Silver Lake and UAE state-backed investment firm MGX. Together, she and Oracle will control 45% of the new social media company. About a third of the new company will be owned by existing investors in ByteDance, TikTok’s parent app. ByteDance also retains 20% of the shares.
The majority of the seven-member board will be Americans.
ORCL price promotion: Oracle shares rose 7.43% and were trading at $193.50 at the time of publication. according to Benzinga Pro.
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