Oracle’s Expanding Role in TikTok Saga
The financing comes as Oracle emerges as a pivotal player in the ongoing TikTok divestiture drama. Last week, President Donald Trump signed an executive order approving a plan to transfer TikTok’s U.S. operations to a new American-controlled joint venture.
The order requires TikTok’s parent, ByteDance Ltd., to slash its stake to under 20% while mandating that U.S. user data be stored in an Oracle-run cloud environment.
On Monday, the White House confirmed that Oracle would be entrusted with safeguarding personal data of U.S. TikTok users, effectively casting the company as a gatekeeper in one of the most politically sensitive tech deals of the decade.
Rumors also swirled that Oracle could join forces with Silver Lake and Andreessen Horowitz in taking a strategic stake in TikTok.
Legal Advisers
While full counsel details were not immediately available, filings note that Freshfields US LLP advised Oracle directly, while Simpson Thacher & Bartlett LLP represented the underwriters.
With this blockbuster bond issuance, Oracle has firmly placed itself at the nexus of Wall Street’s appetite for debt, Silicon Valley’s AI race, and Washington’s geopolitical tech battles.
