Oracle’s stake in TikTok US joint venture is worth roughly $2 billion, filing shows

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.

Adam Presser was appointed CEO of the venture in January.

The deal was a milestone for ‌the social media app after years ​of battles that began in August 2020, when U.S. President Donald Trump ⁠unsuccessfully tried to ban the platform over national security concerns.

Trump opted not ‌to enforce a law passed in April 2024 requiring ByteDance to sell its U.S. assets by January 2025 or face a ban — a measure upheld by the Supreme Court.

Oracle ‌on Tuesday estimated that the AI data ​centre boom will power its revenue above Wall Street estimates well ⁠into 2027.

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