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Faber Report: TikTok deal is close, sources say
Youtube· 2025-09-16 13:41
Group 1 - The negotiation for a TikTok deal is progressing, with a potential closure expected within the next 30 to 45 days, involving the licensing of the algorithm to a US entity backed by new and existing investors in ByteDance, TikTok's parent company [1] - The entity will utilize Oracle's servers and cloud infrastructure, which has been strengthened by Project Texas, leading to significant growth in Oracle's cloud services and a notable backlog reported recently [2] - The stock performance of TikTok remains stable, alleviating concerns about a potential shutdown of the business, indicating continued growth prospects for the platform [3] Group 2 - The Treasury Secretary provided insights into the current state of negotiations, highlighting the complexities involved in reaching this point [4]