This clearly is an expansion of Oracle's original business, and now it looks as if this tech giant may be expanding further: Oracle, as part of a consortium, may take a stake in TikTok, according to press reports. China's ByteDance, TikTok's owner, has been under pressure from the U.S. to divest its U.S. business or face a shutdown in the country.

Investors are betting a TikTok acquisition could diversify Oracle’s revenue beyond its massive AI backlog, but with the deal’s final terms still opaque, the transaction is far from guaranteed.

Larry Ellison is the second richest person in the world. The Oracle co-founder net worth is about $380 billion following a 36% surge in Oracle shares. He has

Oracle shares rose Tuesday on a report that the software firm is among a consortium of companies that would let Chinese-owned TikTok to continue operating in the U.S.—if a “framework deal" between Beijing and Washington is finalized.

Oracle, Silver Lake, and Andreessen Horowitz are set to acquire a majority stake in TikTok's US operations, significantly reducing ByteDance's ownership.

Oracle has long led acquisition discussions, and was set to acquire the business in partnership with Walmart during a separate ban attempt under Trump's first term. While that deal fizzled with Trump's election loss, TikTok moved its US cloud services to Oracle in an attempt to assuage national security fears.

American technology company Oracle was founded over 50 years ago and it has remained relatively quiet since the artificial intelligence (AI) bubble inflated and took off in 2022.