Oracle secures TikTok's US cloud hosting deal

morningstar.com

Oracle is finalizing a deal to host TikTok's US operations, securing a key cloud infrastructure customer. An investor consortium, including Oracle, will hold an approximately 80% stake in the new US entity. Oracle shares fell 3% on the news. The deal primarily benefits Oracle by retaining TikTok as a client, with limited upside expected for Oracle as a stakeholder.


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