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Pathikrit Bose

Oracle Fans Love the New TikTok Deal. But Does It Really Change the Bull Case for ORCL Stock?

Oracle TikTok ORCL OCI United States ByteDance MGX Silver Lake

It looks like after a string of losses, cloud and software services provider Oracle (ORCL) has finally scored a win. According to various reports, the company will be a part of a set of investors that will own the US operations of TikTok, the popular social media platform used by about 170 million Americans daily. Purported to be a deal worth $14 billion, Oracle is expected to partner with Silver Lake and Abu Dhabi-based MGX to own TikTok U.S. through a joint venture.

It is expected that each of Oracle, MGX, and Silver Lake will own 15% each of TikTok, with ByteDance retaining a 20% minority ownership, and the rest will go to some particular investors of ByteDance. Notably, Oracle will handle data security, U.S. user data hosting, and algorithm oversight as part of meeting U.S. national security requirements. However, it must be kept in mind that the deal is yet to be ratified by Chinese regulators.

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