The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not to be named because the details of the negotiations are confidential. As part of the agreement, Oracle will keep its cloud deal with the platform, the people said. “Where this thing is capitalized and how large it is remains to be seen,” Faber said Tuesday on CNBC’s “Squawk on the Street.” ”’I’m hearing it’s actually going to be relatively small in terms of the actual size of the checks that are written for the entity itself, and it will not be something that is going to go public at some point.”
onsdag 17. september 2025
TikTok deal to include new investors with ByteDance; Oracle to keep cloud agreement, sources say
The framework agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber.
The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not to be named because the details of the negotiations are confidential. As part of the agreement, Oracle will keep its cloud deal with the platform, the people said. “Where this thing is capitalized and how large it is remains to be seen,” Faber said Tuesday on CNBC’s “Squawk on the Street.” ”’I’m hearing it’s actually going to be relatively small in terms of the actual size of the checks that are written for the entity itself, and it will not be something that is going to go public at some point.”
The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not to be named because the details of the negotiations are confidential. As part of the agreement, Oracle will keep its cloud deal with the platform, the people said. “Where this thing is capitalized and how large it is remains to be seen,” Faber said Tuesday on CNBC’s “Squawk on the Street.” ”’I’m hearing it’s actually going to be relatively small in terms of the actual size of the checks that are written for the entity itself, and it will not be something that is going to go public at some point.”
