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TikTok Deal Details Emerge. Oracle Stock Surges.

1. A U.S. version of TikTok will be launched, majority owned by U.S. investors. 2. Oracle will invest and provide cloud services for the new TikTok venture. 3. The deal aims to ensure TikTok's compliance with U.S. ownership laws. 4. Shares of Oracle rose 5.2% following the announcement. 5. ByteDance will only hold under 20% in the new entity.

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FAQ

Why Bullish?

Oracle's involvement in TikTok could enhance its cloud revenue and market presence, similar to past partnerships that boosted stock value.

How important is it?

Oracle’s investment and cloud service provision in TikTok directly tie its future performance to the platform's success.

Why Long Term?

This deal could solidify Oracle's role in U.S. digital infrastructure, leading to sustained revenue growth.

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