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.
1don MSN
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,
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.
TikTok parent Bytedance formally agreed to form a [new U.S. joint venture](
Oracle's relationship with OpenAI has become a never-ending source of market angst, as the tie-in reminds many of questionable vendor-financing practices from the late 1990s. But is the caution overblown?
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TikTok avoids US ban as ByteDance hands control of US operations to Oracle-led group
TikTok agrees to place U.S. operations under a new investor-controlled entity, with ByteDance retaining a minority stake.