Technology

Oracle, Walmart Invest in TikTok to Gain Social Media Toehold

Oracle, Walmart Invest in TikTok to Gain Social Media Toehold

Oracle Corp. and Walmart Inc. plan an minority investment in TikTok Global, giving companies that have little experience in social media a stake in a fast growing music and video-sharing app that became the focal point of a trade standoff between the U.S. and China. Oracle and Walmart together could end up with as much as 20% of the entity, purchased in a round of financing that would precede an initial public offering, the companies said Saturday.

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