Oracle Corp
ORCL: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| VMK | LOCK|k>&Sr | LOCK|v#y&Wl |
Oracle: Participation in the TikTok Deal Secures Business From Key Cloud Infrastructure Customer
The Wall Street Journal reported that an investor consortium including Oracle, Silver Lake, and Andreessen Horowitz is finalizing a deal to hold a roughly 80% stake in the new entity that operates TikTok in the US. Oracle shares are down 3% following the news.
