Oracle has finally disclosed its stake in TikTok at roughly US$2 billion (A$2.797 billion).
In its financial filing, Oracle said it recorded “non-marketable debt investments and equity securities and related instruments” of US$2.2 billion.
The “substantial majority” of its non-marketable investments were in TikTok USDS Joint Venture LLC, the filing said.
This comes almost two months after TikTok’s U.S. operations were officially handed over to a group of investors.
TikTok’s future in the U.S. became murky after former President Joe Biden signed a national security law in 2024 requiring China’s ByteDance to sell TikTok’s U.S. operations, or face a nationwide ban.
President Donald Trump signed an executive order approving ByteDance’s divestment in September.
According to Vice President JD Vance, the business was valued at $14 million.
Adam Presser was named CEO of the TikTok USDS Joint Venture in January.
Oracle, Silver Lake, Abu Dhabi’s MGX and a group of other investors made up the majority control in the new entity.
Oracle owns 15% and has a seat on the board, which the company reiterated on its earnings call late Tuesday. Silver Lake and MGX each control 15% as well. ByteDance owns just under 20% of the U.S. venture.
Oracle now houses all of TikTok’s U.S. user data, and the White House said Oracle would also act as the company’s security provider to “independently monitor and assure the safety of all operations in the U.S.”
However, this hasn’t been without a few hiccups.
In January, TikTok’s U.S. entity said a wave of glitches and content disruptions was due to a power outage at one of its data centres, pushing back against claims that the platform was censoring political speech.
