TikTok Deal Sealed: US, China Approve Historic American Spinoff - Oracle (NYSE:ORCL)
OracleOracle(US:ORCL) Benzinga·2026-01-22 14:36

Group 1 - The U.S. and China have approved a deal for TikTok's U.S. business to be sold to a consortium led by Oracle Corp. and Silverlake, resolving a long-standing dispute over national security concerns [1] - The agreement allows ByteDance to retain just under 20% ownership of the U.S. business, while Oracle, Silverlake, and MGX will each hold 15% stakes [2] - Additional investors in the deal include Susquehanna, Dragoneer, and DFO, which is associated with Michael Dell's family office [2] Group 2 - The transaction is aimed at meeting a January 22 deadline set by the Trump administration, which required ByteDance to divest its U.S. business or face a ban due to national security issues [4] - The deal is estimated to value TikTok's U.S. unit at approximately $14 billion, although the final sale price has not been disclosed [5] - Negotiations regarding TikTok's algorithm, a key point of contention between the U.S. and China, remain unclear [5] Group 3 - Oracle shares experienced a 3.09% increase, trading at $179.25 at the time of publication [6]