Analysts have applauded Oracle’s (ORCL) decision to obtain a 12.5% post in TikTok as it could eventually add roughly $1 billion in progressive annual revenue to the corporation’s cloud business.
Earlier today, it was established that Oracle and Walmart (WMT) will obtain a 20% post in TikTok-12.5% and 7.5% respectively. A fresh US based company-TikTok Global-will be created and will file to go public on the US exchange in less than 12 months.
William Blair’s analyst, Jason Ader, is convinced that Oracle has come out as a “clear winner from the negotiations”. In his beliefs, this is due to TikTok being the hottest social media asset globally at the moment, as well as the fact that Oracle just won a main new hosting customer.