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Thailand Live Wednesday 29 July 2020

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in Thailand News - Discussion

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

By Echo Wang, Kane Wu, Julie Zhu

 

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FILE PHOTO: Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration

 

NEW YORK/HONG KONG (Reuters) - 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 (SNAP.N), according to people familiar with the matter.

 

Full Story: https://forum.thaivisa.com/topic/1175318-exclusive-bytedance-investors-value-tiktok-at-50-billion-in-takeover-bid-sources/

 

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