Stocks in Action USA: Oracle, Nvidia, Winnebago Industries
Reading Time: 3 minutes
TikTok finds US solution – Oracle (ORCL) benefits and stock is attempting a rebound! TikTok makes a decisive step towards securing its US business, providing a boost to Oracle : The video platform has reached an agreement with its Chinese parent company ByteDance and an investor consortium including Oracle, Silver Lake, and MGX to establish a new US joint venture. The new company, TikTok USDS Joint Venture LLC , is 50% owned by the new investors, with Oracle, Silver Lake, and MGX each holding 15%; ByteDance retains a 19.9% stake, while...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
