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Oracle Shares Rise in Pre-Market Trading Amid TikTok Joint Venture Announcement

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Oracle shares climbed 4.08% in pre-market trading to $187.35 after the company announced a joint venture with ByteDance for TikTok in the U.S. Oracle, along with Silver Lake and MGX, will own 15% of the venture, while ByteDance holds 19.9%. The deal, set to close in January 2026, allows Oracle access to TikTok’s algorithm, which will be retrained using U.S. data to meet regulatory requirements. Altcoins to watch may see shifts as trading volume reacts to major tech and regulatory developments.
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