Oracle Stock Rallies on TikTok Deal Speculation
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BTCCSquare news:
Oracle shares extended gains in pre-market trading, climbing 4% after a 3% rise Monday. The rally reflects growing speculation about the software giant's potential role in TikTok's U.S. restructuring. Reports suggest Oracle may provide cloud services for a new TikTok entity valued at up to $50 billion.
Larry Ellison, Oracle's co-founder and chairman, has publicly supported TikTok during past negotiations. While his direct equity participation remains unclear, his son David Ellison—currently expanding Skydance Media's footprint through major acquisitions—may emerge as an investor. This WOULD maintain the Ellison family's ties to TikTok while avoiding conflicts with Oracle's hosting role.
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