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China’s ByteDance seeks $60 billion TikTok valuation in US deal: Report

China’s ByteDance seeks $60 billion TikTok valuation in US deal: Report

China’s ByteDance is reportedly seeking a valuation of $60B for TikTok as Oracle Corp and Walmart take stakes in the video app’s business to address US security concerns. Trump said Saturday, if the deal goes through, TikTok will be owned by a new company called TikTok Global, and be headquartered in the US, possibly in Texas. Oracle and Walmart are taking 12.5% and 7.5% stake, respectively in it.

Clara
Clara
Mr. Bruce
Mr. Bruce 0 months

They be fools to pay a half a billion for a stupid app....

SomeGuyWhoDoesThings
SomeGuyWhoDoesThings 0 months

They should chop the price biased on however much they estimate these clowns made by selling people’s information.

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