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TikTok Seals Deal For Majority U.S.-Owned Joint Venture, Oracle Holds 15%
Deadline· 2026-01-23 00:58
Core Insights - TikTok has announced a majority American-owned joint venture (JV) aimed at enhancing national security through comprehensive data protections and algorithm security for U.S. users [1][6] - The JV will operate under the TikTok U.S. Data Security (USDS) organization, governed by a seven-member board with a majority of American directors [2] Company Structure - The JV will be led by CEO Adam Presser, who has experience from TikTok and WarnerMedia, with Will Farrell appointed as Chief Security Officer [4] - Key investors in the JV include Silver Lake, Oracle, and MGX, each holding 15%, along with several other investment firms and family offices [5] Ownership and Financials - ByteDance, TikTok's parent company, retains a 19.9% stake in the JV, although specific financial details have not been disclosed [6] - The agreement allows over 200 million Americans and 7.5 million businesses to continue engaging with TikTok [6] Regulatory Background - The establishment of the JV follows a lengthy review process by the Committee on Foreign Investment in the United States (CFIUS) and legislative actions requiring a sale or ban of TikTok's U.S. operations [6] - The JV's announcement comes as a response to previous legal challenges and regulatory scrutiny faced by TikTok [6]
TikTok forms U.S. joint venture, names a CEO
CNBC· 2026-01-23 00:54
Core Viewpoint - TikTok has established a joint venture named TikTok USDS to ensure its continued operation in the United States, with a focus on data security and governance by a predominantly American board [1][2]. Group 1: Joint Venture Structure - The joint venture will function as an independent entity governed by a seven-member board of directors, with the majority being American [2]. - Adam Presser has been appointed as the CEO of TikTok USDS, while TikTok CEO Shou Chew will serve as a director [1][3]. Group 2: Board Composition - The board of directors includes notable figures such as Timothy Dattels from TPG Global, Mark Dooley from Susquehanna International Group, Egon Durban from Silver Lake, Raul Fernandez from DXC Technology, Kenneth Glueck from Oracle, and David Scott from MGX [3]. - TikTok's parent company, ByteDance, will retain a 19.9% stake in the newly formed joint venture [3].
TikTok Strikes Deal To Split Off an American Version, Ending Long Legal Saga
Nytimes· 2026-01-23 00:11
The Chinese parent company for the popular video app said it had sold a majority stake in TikTok's U.S. operations to avoid a ban in the United States. ...
ORCL Investors Have Opportunity to Lead Oracle Corporation Securities Lawsuit
Prnewswire· 2026-01-22 23:46
NEW YORK, Jan. 22, 2026 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces a New York State class action lawsuit on behalf of purchasers or acquirers of senior notes by Oracle Corporation (NYSE: ORCL) issued pursuant and/or traceable to the Shelf Registration Statement filed with the SEC on March 15, 2024, and as supplemented on September 25, 2025 (together, the "Offering Documents"). A class action lawsuit has already been filed. So What: If you purchased or acquired Oracle ...
Can Tesla deliver on Elon Musk's promises? Plus US and China reportedly sign off on a TikTok deal
Youtube· 2026-01-22 21:58
Hello and welcome to Market Domination. I'm Josh Lipton live from our New York headquarters. There's just an hour to go now until the closing bell and stocks. They are extending gains from Wednesday's rally. Our very own Jared Blickery standing by with all the headlines. Jared? >> Yes, Josh. We have now recovered most of those losses from earlier in the week. And let's check out what the Dow is doing here. Uh we can see it's been in the green the entire day. Here is the entire week. So we are now 4 days in. ...
ROSEN, LEADING INVESTOR COUNSEL, Encourages Oracle Corporation Investors to Secure Counsel in Securities Class Action - ORCL
TMX Newsfile· 2026-01-22 21:12
Core Viewpoint - A class action lawsuit has been filed against Oracle Corporation regarding the issuance of senior notes, alleging that the Offering Documents contained misleading statements about the company's financial needs for AI infrastructure [1][4]. Group 1: Lawsuit Details - The lawsuit claims that Oracle failed to disclose the need for significant additional debt to build its AI infrastructure at the time of the Offering, which raised concerns about the creditworthiness of the bonds [4]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked highly for securities class action settlements since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3].
US, China agree to spin off TikTok's US operation, White House official confirms
Fox Business· 2026-01-22 19:11
Core Viewpoint - The U.S. and China have reached an agreement on a TikTok U.S. spin-off deal, allowing the app to continue operating in the U.S. while addressing concerns regarding its Chinese parent company, ByteDance [1] Group 1: Joint Venture Structure - The new TikTok U.S. joint venture will be led by a mostly American investor group, including Oracle and Silver Lake, as announced by TikTok CEO Shou Chew [2] - ByteDance will retain a nearly 20% stake in the new U.S. entity, while Oracle, Silver Lake, and MGX will each hold 15% stakes [4] Group 2: Regulatory Concerns - The new entity aims to alleviate U.S. lawmakers' concerns about the Chinese government's potential influence over ByteDance, particularly regarding data access for the platform's 170 million American users [3] - The governance of the new entity will include a board with a majority of directors from the U.S., ensuring American control over operations [4] Group 3: Legislative Context - The deal's closing date is set for January 22, following an executive order signed by President Donald Trump that delayed the enforcement of a law requiring ByteDance to divest TikTok's U.S. business [7] - The bipartisan Protecting Americans from Foreign Adversary Controlled Applications Act bans social media apps linked to adversarial foreign governments from U.S. app stores, with the law taking effect in January 2025 [8] Group 4: Valuation and Security - The U.S. business of TikTok is valued at approximately $14 billion in the deal, with a focus on protecting American data security and ensuring continued access to the app [10] - Control over the algorithm by the American entity is emphasized as crucial for meeting national security requirements under the law [12]
ServiceNow (NYSE:NOW) Maintains Strong Position in Enterprise Software Industry
Financial Modeling Prep· 2026-01-22 19:06
Core Insights - ServiceNow is a leading player in the enterprise software industry, recognized for its cloud-based solutions that enhance business process automation and streamline operations [1] - The company has a strong market capitalization of approximately $130.11 billion, indicating its robust position in the industry [5] Stock Performance - BTIG has maintained a "Buy" rating for ServiceNow, reflecting confidence in the company's future despite a minor stock fluctuation, with the stock price at $125.30 and a slight decrease of 0.08% [2][6] - The stock has shown resilience with a trading range between $123.78 and $128.01, and a 52-week high of $239.62 [5] Innovation and Partnerships - ServiceNow has announced significant improvements to its global Partner Program, aimed at accelerating innovation in AI agents, showcasing its commitment to technological advancements [3][6] - The strategic collaboration with OpenAI focuses on integrating AI technology into business software, highlighting the trend of embedding AI within corporate solutions [4][6]
Oracle's Cash Is Vanishing — But Larry Ellison's Dividend Check Still Clears Tomorrow
Benzinga· 2026-01-22 15:38
Core Viewpoint - Oracle Corp is facing a complex situation as it invests heavily in AI cloud infrastructure while still returning significant capital to shareholders through dividends, highlighting a notable capital allocation strategy in the tech sector [1]. Group 1: Dividend and Shareholder Returns - Oracle will distribute approximately $1.4 billion in dividends despite an anticipated cash burn of nearly $23 billion for the fiscal year [1]. - Larry Ellison, co-founder and executive chair, holds over 40% of Oracle stock, making him the largest recipient of dividends, which complicates any potential changes to the dividend policy due to governance implications [2]. - The company has reduced its share buybacks significantly, from $21 billion in 2021 to around $600 million recently, making dividends the primary method of returning value to shareholders [4]. Group 2: Market Dynamics and Implications - Dividend-focused funds and ETFs, such as the First Trust NASDAQ Technology Dividend Index Fund and the DAC 3D Dividend Growth ETF, hold Oracle stock for its dividend payouts, indicating that suspending the dividend could lead to forced selling and additional stock pressure [3]. - The commitment to dividends is influenced by the ownership structure and market expectations, as Oracle balances its AI infrastructure investments with its multibillion-dollar dividend obligations [5]. - The dividend serves not only as a yield for investors but also as a governance signal that may impact Oracle's funding strategies for its AI initiatives in the future [5].
TikTok Deal Sealed: US, China Approve Historic American Spinoff - Oracle (NYSE: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]