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Nearly two months after TikTok’s U.S. operations officially passed into the hands of a group of investors, oracle announced that it will invest approximately $2 billion in the joint venture.
In its quarterly financial report released Wednesday, Oracle said it recorded $2.2 billion in “non-marketable debt investments, equity and related products” for the period ended Feb. 28.
A “substantially large portion” of the non-marketable investment was in TikTok USDS Joint Venture LLC, according to the filing.
The national security law signed by former President Joe Biden in 2024 required China’s ByteDance to sell TikTok’s U.S. operations or face a nationwide ban.
President Donald Trump signed an executive order authorizing the sale of ByteDance in September. Vice President J.D. Vance said the business is valued at $14 billion.
In January, Adam Presser was appointed CEO of the new TikTok USDS joint venture. Oracle, Silver Lake, Abu Dhabi’s MGX and other investor groups assumed majority control of the new company.
Oracle owns 15% of the stock and is a member of the company’s board of directors, the company reiterated during its earnings call late Tuesday. Silver Lake and MGX also control 15% each. ByteDance owns just under 20% of the U.S. venture.
After the ownership change, Oracle stored all of TikTok’s U.S. user data. A memo from the White House said Oracle will also serve as the company’s security provider, “independently monitoring and ensuring the security of all operations in the United States.”
This transition wasn’t completely smooth.
TikTok’s U.S. subsidiary in January said a series of glitches and content outages were due to a power outage at one of its data centers, pushing back against claims that the platform censors political speech.
Earlier this month, the joint venture posted on X that “issues with Oracle data centers are impacting some aspects of the TikTok US user experience.”
“Creators may experience temporary delays in posting content while Oracle works to resolve the issue,” TikTok said in a statement.
Three days later, the company announced that service was fully restored.
Attention: TikTok signs agreement to remain in the US
