TikTok's US Deal Puts Oracle In Focus — Here's Where ETFs Stand
TikTok may well remain an uninvestable security, but its newest survival strategy in the U.S. is having ripple effects throughout public technology stocks and the ETFs that track them. The short-video platform has reportedly signed binding agreements to form a new U.S.-based joint venture with a group of American and global investors, including Oracle Corp. (NYSE:ORCL), Silver Lake and Emirati investment firm MGX. This acquisition, set to be completed on Jan. 22, changes ownership to significant
TikTok may well remain an uninvestable security, but its newest survival strategy in the U.S. is having ripple effects throughout public technology stocks and the ETFs that track them. The short-video platform has reportedly signed binding agreements to form a new U.S.-based joint venture with a group of American and global investors, including Oracle Corp. (NYSE:ORCL), Silver Lake and Emirati investment firm MGX. This acquisition, set to be completed on Jan. 22, changes ownership to significant
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