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A memo from TikTok’s top executive reportedly says that the social-media phenomenon inked deals to create a U.S. joint ...

The deal is expected to close next month, with Oracle, Silver Lake and MGX owning 45% of TikTok’s U.S. business.

Oracle shares jumped 6% in pre-market on Friday as TikTok's U.S. agreement helped calm AI bubble fears after a volatile macro week.