Blue Owl Won't Back $10 Billion Oracle Data Center Deal
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Larry Ellison retakes No. 3 richest spot from Jeff Bezos as Oracle shares rise on TikTok deal
The deal is expected to close next month, with Oracle, Silver Lake and MGX owning 45% of TikTok’s U.S. business.
1don MSN
Oracle’s stock is rising. Why TikTok’s U.S. deal could be good news for the tech company.
A memo from TikTok’s top executive reportedly says that the social-media phenomenon inked deals to create a U.S. joint venture, with Oracle’s cloud business as its backbone.
TikTok has agreed to form a new U.S. joint venture with Oracle, Silver Lake and other investors, creating a majority American-owned company to address national security concerns.
CoreWeave and Oracle have borrowed heavily to build more AI data-center capacity, spooking bond markets and sending debt-insurance prices soaring.
It hasn't been that long since Oracle was an AI darling. A lot can change in a few months.
Interesting Engineering on MSN
TikTok avoids US ban as ByteDance hands control of US operations to Oracle-led group
TikTok agrees to place U.S. operations under a new investor-controlled entity, with ByteDance retaining a minority stake.
1don MSN
TikTok U.S. Joint Venture Deal Set to Close in January With Investors Including Oracle, Silver Lake
ByteDance and TikTok have signed "binding agreements" with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based MGX, to form a new TikTok U.S. joint venture named TikTok USDS Joint Venture LLC,
Oracle's relationship with OpenAI has become a never-ending source of market angst, as the tie-in reminds many of questionable vendor-financing practices from the late 1990s. But is the caution overblown?