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China's ByteDance seeks $60 billion TikTok valuation in U.S. deal: Bloomberg News

China's ByteDance seeks $60 billion TikTok valuation in U.S. deal: Bloomberg News

4 years ago
Anonymous $rxtAWepgzY

https://www.reuters.com/article/us-usa-china-tiktok-valuation/chinas-bytedance-seeks-60-billion-tiktok-valuation-in-u-s-deal-bloomberg-news-idUSKCN26B0AY

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.