TikTok signs new US joint venture [Yahoo! Finance]
Oracle Corporation (ORCL)
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Source: Yahoo! Finance
Thursday when the video-sharing sensation said it's being bought by a group of buyers led by Oracle Corp. TikTok Chief Executive Officer Shou Chew told employees that the company and ByteDance signed binding agreements to create a US joint venture majority-owned by American investors, according to an internal memo reviewed by Bloomberg. Chew wrote that he was “pleased to share some great news” and said agreements with Oracle, Silver Lake Management and MGX have been signed. The deal is expected to close on Jan. 22, 2026, though Chew added that “there's more work to be done” before then. Chinese regulators have yet to say whether they'll approve the transaction. Upon closing, the US joint venture will operate as an independent entity that will control data protection, content moderation and algorithm security in the country, Chew told employees in the memo. The new US entity will also be “governed by a new seven-member majority-American board of directors,” he added. Oracle share
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News
- Oracle Corp Leads Harbor Capital Appreciation Fund's Strategic Moves in Q4 2025 [Yahoo! Finance]Yahoo! Finance
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- Oracle: Growth Looks Impressive, But OpenAI Dependency Raises Red Flags [Seeking Alpha]Seeking Alpha
- Oracle Q2 Earnings: Don't Catch The Falling Knife [Seeking Alpha]Seeking Alpha
- Florida billionaire Larry Ellison's company part of TikTok deal. What to know [Yahoo! Finance]Yahoo! Finance
ORCL
Earnings
- 12/10/25 - Beat
ORCL
Sec Filings
- 12/19/25 - Form 144
- 12/11/25 - Form 10-Q
- 12/10/25 - Form 8-K
- ORCL's page on the SEC website