Oracle Corp

ORCL: XNYS (USA)
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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.

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