Oracle to Take 12.5% Stake in TikTok Global, Walmart Eligible to Get 7.5%

Oracle said it will take a 12.5% stake in the new TikTok Global, a U.S.-based entity formed from the Trump administration's demand that the popular video app's Chinese parent company, ByteDance, divest its U.S. operations to American owners. Oracle confirmed its plans to take the ownership stake in TikTok shortly after President Trump said Saturday […]