According to Bloomberg, under the United States President Donald Trump’s framework agreement for TikTok’s operations in the United States, TikTok will be acquired by an investor consortium, including Oracle, Andressen Horowitz and the private equity investment company Silver Lake Capital.
Senior United States and Chinese officials met in Madrid for two days and announced a preliminary agreement on TikTok on Monday. According to the source, the agreement would create an American version of this popular social media application (app), with Oracle, Andressen and Silver Lake holding shares in the new joint venture.
Under the agreement, the byte beat shareholding in TikTok would be reduced to less than 20 per cent to meet the requirements of a United States national security law adopted in 2024, which required the byte beat to strip TikTok of his business in the United States, otherwise the latter would be blocked in the United States. If the deal was successfully completed, the video-sharing platform would continue to operate in the United States and would eliminate a problem for Central American relations.
Under the agreement, Oracle will continue to provide cloud services to TikTok in the United States, which has become a stable source of income for the former. Oracle has worked with TikTok to host user data in the United States and elsewhere.
The price of the Oracle stock rose by 5.9 per cent on the New York market on Tuesday and then returned most of the increase. Thanks to the boom in its cloud infrastructure operations, the company ‘ s share price has risen by 84 per cent since this year.
It is not clear how many shares each potential investor will receive in the latest transaction. One of the sources stated that Oracle had a small share in the new joint venture.
A senior White House official stated that, unless the Government officially announced, the details of any framework agreement should be regarded as speculation. None of the representatives of TikTok, Oracle, Andressen or Silver Lake responded to the request for comment.
