More investors may join TikTok deal - ByteDance

Sunday, 20. September 2020 17:21

Chinese tech giant ByteDance Ltd. revealed on Sunday that additional investors could join the TikTok deal besides Oracle Corp. and Walmart Inc.

ByteDance told the Global Times that the specifics of the agreement are yet to be made, as nothing official has been signed yet, therefore more business may express interest in participating in the deal.

The company which will be created through the deal, TikTok Global, will be reportedly valued at around $60 billion.

Meanwhile, California Judge Laurel Beeler temporarily suspended the Commerce Department's order which required Apple Inc. and Google LLC to remove WeChat from their respective app stores from today.

Related Links: Walmart Inc.Oracle Corporation
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Breaking the News / ND