Blue Owl Won't Back $10 Billion Oracle Data Center Deal
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TikTok, Oracle and joint venture
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Larry Ellison Retakes No.3 Richest Spot From Jeff Bezos As Oracle Shares Rise On TikTok Deal
The deal is expected to close next month, with Oracle, Silver Lake and MGX owning 45% of TikTok’s U.S. business.
It hasn't been that long since Oracle was an AI darling. A lot can change in a few months.
TikTok has signed agreements with three major investors — Oracle, Silver Lake and MGX — to form a new TikTok U.S. joint venture, ensuring the popular social video platform can continue operating in the United States.
CoreWeave and Oracle have borrowed heavily to build more AI data-center capacity, spooking bond markets and sending debt-insurance prices soaring.
The deal means that TikTok, the fast-growing social video platform that upended the strategies of competitors like YouTube and Meta Platforms Inc., will have a new joint venture owner in the U.S.: TikTok USDS Joint Venture LLC.
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TikTok U.S. Joint Venture Deal Set to Close in January With Investors Including Oracle, Silver Lake
ByteDance and TikTok have signed "binding agreements" with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based MGX, to form a new TikTok U.S. joint venture named TikTok USDS Joint Venture LLC,
The delivery company posted better-than-projected quarterly results, boosted by higher U.S. package shipments. It ra
Oracle Corporation (NYSE:ORCL) is one of the stocks Jim Cramer talked about recently. Cramer noted that the company has a “huge amount of debt” and remarked: “But how about the rest of tech? The data center,