China’s ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app’s business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter. Oracle will take a 12.5% stake in TikTok Global and store all… Read More ByteDance seeks $60billion in TikTok’s U.S. valuation
U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app. ByteDance was racing to avoid a crackdown on TikTok after the U.S.… Read More U.S. President Donald Trump approves deal allowing operations of TikTok
ByteDance will place short-video app TikTok’s global business in a new U.S.-headquartered company with Oracle Corp ORCL.N investing as a minority shareholder, the Financial times reported on Tuesday, citing people familiar with the matter.