Oracle-Tencent deal canceled under U.S. pressure, economy.ac reports
· 1 sources
economy.ac reports an Oracle-Tencent deal was canceled under U.S. pressure, adding uncertainty over data center investment in Southeast Asia.
What happened
economy.ac reports that a deal between Oracle and Tencent has been canceled following pressure from the United States.
According to the outlet, the cancellation deepens uncertainty over data center investment in Southeast Asia. The source provided to ATLAS does not describe the terms of the agreement or give further details on the pressure involved.
Context
Large cloud and data center projects can be affected by government policy, especially when they involve companies from different countries.
Why it matters
The report may matter to Oracle because it points to how regulatory pressure can influence its international data center plans.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$195.52Fair range: $154.07 to $245.63The price ($111.90) is 42.8% below that figure.
Chance of a rise in 1 month
47%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $97.87 and $124.34; 9 in 10, between $79.15 and $153.74.
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