A memo from TikTok’s top executive reportedly says that the social-media phenomenon inked deals to create a U.S. joint venture, with Oracle’s cloud business as its backbone.

The delivery company posted better-than-projected quarterly results, boosted by higher U.S. package shipments. It ra

The agreement aims to resolve a yearslong standoff between the popular social media platform and the U.S. government over national security concerns tied to China's parent company, ByteDance.

The deal means that TikTok, the fast-growing social video platform that upended the strategies of competitors like YouTube and Meta Platforms Inc., will have a new joint venture owner in the U.S.: TikTok USDS Joint Venture LLC.

TikTok has signed a deal to sell its U.S. business to three American investors — Oracle, Silver Lake and MGX — ensuring the popular social video platform can continue operating in the United States. The deal is expected to close on Jan.

CoreWeave and Oracle have borrowed heavily to build more AI data-center capacity, spooking bond markets and sending debt-insurance prices soaring.

For a reading of Wall Street's shifting mood on the artificial intelligence investment boom, take a look at the daily fluctuations of Oracle stock, analysts say.

ByteDance and TikTok have signed "binding agreements" with three managing investors: Oracle Corporation, Silver Lake and Abu Dhabi-based MGX, to form a new TikTok U.S. joint venture named TikTok USDS Joint Venture LLC,

It hasn't been that long since Oracle was an AI darling. A lot can change in a few months.

Oracle Corporation (NYSE:ORCL) is one of the Buzzing AI Stocks on Wall Street. On December 15, Evercore ISI reiterated an “Outperform” rating on the stock with a $275 price target. The firm is confident in Oracle’s long-term OCI growth post-quarterly results,