March 11 (Reuters) – Oracle’s stake in TikTok’s U.S. business operations is worth around $2 billion, a filing showed on Wednesday, more than a month after its Chinese parent ByteDance finalized a deal to set up a majority-owned American joint venture to avoid a ban.
Under the agreement, U.S. and global investors together hold an 80.1% stake in TikTok USDS Joint Venture LLC, while ByteDance owns 19.9%.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar)
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