Exclusive: ByteDance investors value TikTok at $50 billion in takeover bid - sources

Exclusive: ByteDance investors value TikTok at $50 billion in takeover bid - sources

4 years ago
Anonymous $qOHwDUKgAF

https://www.reuters.com/article/us-bytedance-tiktok-exclusive/exclusive-bytedance-investors-value-tiktok-at-50-billion-in-takeover-bid-sources-idUSKCN24U1M9

Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion, significantly more than peers such as Snap Inc , according to people familiar with the matter.

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