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Oracle Could Get 20% of TikTok Under a New Deal

TheMotleyFool

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Oracle Could Get 20% of TikTok Under a New Deal

If President Trump approves the latest deal for video-sharing app TikTok, Oracle (NYSE: ORCL) will emerge with a 20% minority stake in the company and Walmart (NYSE: WMT) will become a partner. The latter's CEO, Doug McMillon, will also get a seat on the board of directors for the U.S. operations of TikTok.

Yet because the app's Chinese parent, ByteDance, will retain a majority stake, the deal could still collapse since Trump has said he wants it sold to an American company or its U.S. business will be shut down.

Image source: Getty Images.

Source Fool.com

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