Oracle's stake in TikTok's U.S. business operations is worth around $2 billion, a filing showed on Wednesday, more than a month after its Chinese parent ByteDance finalised a deal to set up a majority-owned American joint ‌venture to ⁠avoid ⁠a ban. Under the agreement, U.S. and global investors together hold an 80.1% stake in TikTok USDS Joint Venture LLC, while ByteDance owns 19.9%. Each of the joint venture's three managing investors -Oracle, private equity group Silver Lake and Abu Dhabi-based investment firm ⁠MGX - holds ‌a 15% stake. All about ETCIO industry right on your smartphone! The cloud computing company reported total revenue of $17.19 billion for the third quarter ended February 28, compared with analysts' average estimate of $16.91 billion, according to data compiled by LSEG.

Source: Economic Times March 12, 2026 11:12 UTC