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Oracle, Walmart To Invest In TikTok Global After Trump’s Approval

Oracle (ORCL) and Walmart have issued a joint statement confirming their plans to snap up a minority stake in TikTok’s U.S. business. Oracle will acquire a 12.5% stake in TikTok Global, while Walmart will take a 7.5% interest.

The move came after President Donald Trump approved the deal “in concept” on Saturday. The President has also announced that TikTok’s Chinese parent ByteDance “has received tentative approval for an agreement with the U.S. Government to resolve the outstanding issues.”

To facilitate the deal, TikTok is creating a new company called TikTok Global, as the Trump administration was concerned about TikTok’s Chinese ownership and therefore demanded that TikTok’s Chinese parent, ByteDance, divests its U.S. operations to America.

TikTok Global will be an independent American company and will be majority owned by American investors. The new company also has plans to bring 25,000 jobs across the country. (See ORCL

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Should You Invest in the Global X U.S. Infrastructure Development ETF (PAVE)?

Designed to provide broad exposure to the Utilities – Infrastructure segment of the equity market, the Global X U.S. Infrastructure Development ETF (PAVE) is a passively managed exchange traded fund launched on 03/06/2017.

While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.

Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Utilities – Infrastructure is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 14, placing it in bottom 13%.

The fund is sponsored by Global X Management. It has amassed assets over $231.12 million, making it one of the average sized ETFs attempting to match the performance of the Utilities – Infrastructure

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