Oracle stock rises as White House names software giant in TikTok deal; company announces CEO shake-up
Oracle (ORCL) stock rose more than 6% Monday as the White House confirmed that the software giant is part of a consortium of investors that will control TikTok's US operations. The company also separately announced a CEO shake-up. A senior White House official on Monday morning confirmed the details of the TikTok deal, which will move the social media app's US operations into a new joint venture based in the United States and controlled by American investors, who will have a majority of the new company's ...