Trump Signs Executive Order Backing TikTok Deal. Oracle To Play 'Big Part.'

Group 1: TikTok Sale and Valuation - President Trump signed an executive order allowing TikTok to remain in the U.S. through a sale to new investors, with Oracle playing a significant role [1][2] - The sale is expected to value TikTok at approximately $14 billion and will include data security protections, with American investors controlling the content recommendation algorithm [2][4] - The White House aims to reduce ByteDance's ownership of TikTok's U.S. operations to below 20% as required by law [5] Group 2: Oracle's Stock Performance - Oracle's stock fell 5.5% to close at 291.34, continuing a pullback after a previous earnings report that had initially fueled a rally [6][7] - Despite the decline, Oracle's stock is up 75% year-to-date, with a 29% gain since the start of the month [8] Group 3: Investor Group and Stake Distribution - Oracle, Silver Lake, and Abu Dhabi-based investment group MGX are expected to take roughly 15% stakes in the new TikTok U.S. [4] - Previous backers of ByteDance, including General Atlantic, Susquehanna, and Sequoia, will also contribute equity to the new U.S. TikTok [5]