Shares of Oracle Corp (NYSE:ORCL) rose sharply in pre-market trading.
TikTok has signed binding agreements with a group of investors, including Oracle, Silver Lake and Emirati investment firm MGX, to form a new TikTok U.S. entity, reported The Associated Press, citing an internal memo. The deal is expected to close Jan. 22.
Oracle shares jumped 5.7% to $190.23 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
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