Oracle (ORCL), Silver Lake and MGX will be main investors in TikTok’s U.S. business, sources told CNBC’s David Faber on Thursday. President Donald Trump will sign an executive order on Thursday backing the proposed deal that will keep the social media app running in the U.S., the publication says.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORCL:
- Databricks Will Invest $100M to Team Up with OpenAI
- Starbucks announces restructuring, CoreWeave expands OpenAI pact: Morning Buzz
- Trump Trade: President anticipated to sign TikTok agreement Thursday
- Vertiv pullback represents ‘buying opportunity’, says Roth Capital
- Oracle initiated, Ulta Beauty upgraded: Wall Street’s top analyst calls