Oracle's stake in TikTok US joint venture is worth roughly $2 billion, filing shows

Core Insights - Oracle's stake in TikTok's U.S. operations is valued at approximately $2 billion, following a deal that established a majority-owned American joint venture to circumvent a potential ban [1] - The joint venture, TikTok USDS Joint Venture LLC, has U.S. and global investors holding an 80.1% stake, while ByteDance retains 19.9% [1] - Each of the three managing investors, including Oracle, Silver Lake, and MGX, holds a 15% stake in the joint venture [1] - The appointment of Adam Presser as CEO of the venture occurred in January [1] - The deal marks a significant development for TikTok after previous attempts to ban the platform due to national security concerns [1] - Oracle anticipates that the AI data center boom will drive its revenue beyond Wall Street estimates through 2027 [1] - For the third quarter ending February 28, Oracle reported total revenue of $17.19 billion, exceeding analysts' expectations of $16.91 billion [1]