Oracle (ORCL) is burning cash for AI, while still paying out $1.4B in dividends. Larry Ellison holds 40% ORCL stock. 2 more ...

TikTok announced yesterday it has established a majority American-owned joint venture to operate its US business, allowing ...

TikTok's US spinoff to Oracle, Silver Lake, and MGX has closed after a White House official said the US and China finalized ...

TikTok finalizes historic deal creating majority American-owned joint venture structure, aiming to avert potential U.S. ban affecting 200 million users nationwide.

The arrangement shifts U.S. data control and operations domestically to address national security concerns.

With the new deal, US user data will be stored locally in a system run by Oracle, a move aimed at addressing long-standing fears related to TikTok.

TikTok’s new U.S. joint venture shifts ownership away from China. But users worry about surveillance, data control, and new corporate board influence.

Blaine Halverson joked that his only exposure to data centers was from the Mission Impossible movies in the 1990s. That was, ...

The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according to the company, one day before the deadline set by President Donald Trump ...

TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.

The U.S. and China have both signed off on TikTok’s long-awaited divestment deal, clearing way for the popular social media ...