TikTok's cloud business is 'most important thing' for Oracle
President Trump signed an executive order on Thursday that would push forward the sale of TikTok's US business, which was negotiated with Chinese trade officials. While not many details of this deal are known yet, cloud service provider Oracle (ORCL) has been positioned to gain the most in this agreement as it leads a joint venture interest in acquiring the social media platform's American segment. Gabelli Funds Portfolio Manager John Belton speaks with Market Catalysts host Julie Hyman about what Oracle will be prioritizing in this deal with TikTok. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.
President Trump signed an executive order on Thursday that would push forward the sale of TikTok's US business, which was negotiated with Chinese trade officials. While not many details of this deal are known yet, cloud service provider Oracle (ORCL) has been positioned to gain the most in this agreement as it leads a joint venture interest in acquiring the social media platform's American segment. Gabelli Funds Portfolio Manager John Belton speaks with Market Catalysts host Julie Hyman about what Oracle will be prioritizing in this deal with TikTok. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
