Wednesday, July 29, 2020

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

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.

from Top Tech News- News18.com https://ift.tt/30UTuQA
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