On Wednesday, Oracle Corp disclosed it has invested about $2.2 billion in the new U.S. entity running TikTok, confirming a 15% ownership stake following the restructuring of the platform’s American operations.
The investment details emerged in Oracle’s quarterly filing for the period ending Feb. 28, where the company reported roughly $2.2 billion in “non-marketable debt investments and equity securities.”
The filing said the vast majority of those holdings relate to TikTok USDS Joint Venture LLC, the entity formed to oversee TikTok’s U.S. operations.
Don’t Miss:
The restructuring stems from a 2024 national security law signed by former President Joe Biden requiring the Chinese parent company ByteDance to divest TikTok’s U.S. business or face a nationwide ban.
Later, President Donald Trump approved the divestment through an executive order.
Previously, Vice President JD Vance said that the new TikTok U.S. entity is valued at roughly $14 billion.
Oracle owns 15% of the venture and holds a board seat. Private equity firm Silver Lake and Abu Dhabi-based investment firm MGX each also control about 15%, while ByteDance retains just under a 20% stake.
Adam Presser was appointed CEO of the joint venture in January.
Trending: Own the Characters, Not Just the Content: Inside a Fast-Growing Pre-IPO IP Company
Beyond its equity stake, Oracle plays a central operational role. The company hosts TikTok’s U.S. user data and serves as the platform’s independent security provider, monitoring its operations in the U.S.
The transition has faced some early hurdles. TikTok’s U.S. entity previously reported posting delays and service disruptions tied to issues at an Oracle data center, though the company later said the problems had been resolved.
Read Next:
Photo: Jonathan Weiss / Shutterstock
Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market.
