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January 23, 2026

Larry Ellison's Oracle Part of New Deal to Own U.S. Version of TikTok
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A major Trump billionaire ally is now the partial owner of the social
media platform Tik Tok. A group of investors including Larry Ellison's
company Oracle agreed to a $14 billion deal to give them control of the
U.S. version of the platform being spun off from Byte Dance, a
Chinese-owned company. In 2024, Congress banned Tik Tok, claiming
national security concerns over its ties to China. But Trump had allowed
the platform to keep operating as a deal was worked out. Ellison is also
the largest shareholder of Paramount, the parent company of CBS.


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