Oracle stock jumps 5% as cloud provider joins investor group to run TikTok's U.S. business

Group 1 - Oracle's stock increased by approximately 5% following its involvement in a joint venture to manage TikTok's U.S. operations [1] - The joint venture includes Oracle, Silver Lake, and Abu Dhabi-based MGX, with the deal expected to finalize on January 22 [1] - The agreement allows TikTok to avoid a ban after President Biden signed a law mandating the divestiture of the company's U.S. unit due to national security concerns [2] Group 2 - Oracle will be responsible for auditing and ensuring TikTok's compliance with "agreed upon National Security Terms" [3]