Oracle (ORCL.US) rose in pre-market trading, rumored to be participating in the formation of a consortium to maintain TikTok's operations in the United States.

Zhitong Finance APP learned that, according to media reports, Oracle (ORCL.US) is involved in a consortium, attempting to maintain TikTok's operation in the United States under a possible framework agreement between China and the United States. The report cited sources familiar with the matter as saying that in this latest development, the specific structure of the transaction is still unclear, but it may involve a consortium of multiple companies, and it is also unclear whether ByteDance, the owner of TikTok, will be involved in the future. As of the time of publication, Oracle's pre-market trading on Tuesday rose by nearly 5%.