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BYTEDANCE DIVESTMENT
ByteDance valued at $550 billion in proposed share sale by General AtlanticGeneral Atlantic, which first invested in ByteDance in 2017 when the company was valued at about $20 billion, started the process to sell s...- TikTok owner ByteDance sets valuation at over $330 billion as revenue grows, sources sayThe company plans to offer current employees $200.41 per share in the repurchase programme, the people said, up 5.5% from $189.90 each it o...
- US senator Warner says new Donald Trump TikTok extension may violate lawDonald Trump on Friday said he extended by 75 days a deadline for ByteDance to sell U.S. assets of the popular short video app to a non-Chi...
- Judge says former ByteDance executive lied in suit against companyYintao Yu, head of engineering for ByteDance's U.S. operations from August 2017 to November 2018, filed a wrongful-dismissal suit against t...
- What happens next for TikTok after court ruling against it?A US appeals court upheld a law mandating ByteDance to divest TikTok by January 19 or face a ban, citing national security concerns. TikTok...
- US court to hear challenges to potential TikTok ban in SeptemberA U.S. appeals court sets a fast-track schedule to consider challenges to a new law requiring ByteDance to divest TikTok's U.S. assets by J...
- ByteDance prefers TikTok shutdown in US if legal options fail: reportByteDance considers shutting down TikTok over U.S. ban legislation, unlikely to sell due to crucial algorithms. China opposes forced sale. ...
- House lawmaker says US ByteDance investors should urge China to allow TikTok saleRepresentative Mike Gallagher, who chairs a House panel on China, introduced legislation on Tuesday with Representative Raja Krishnamoorthi...
- ByteDance to wind down Nuverse in full retreat from gamingThe Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identi...
- Timeline: ByteDance founder who put TikTok on global map to quit as CEOZhang, 38, turned ByteDance into a social media powerhouse which has also had many brushes with global regulators
- ByteDance founder Zhang Yiming to step down as CEOZhang Yiming's decision to step down as ByteDance CEO comes less than a month after the Chinese technology giant named its CFO Shouzi Chew ...
- Sequoia Capital and KKR lead ByteDance funding round that values it at $180 billionThe funding round, which aims to raise $2 billion and would make it the world's most valuable financing round in the private market, is dra...
- US grants ByteDance new seven-day extension of TikTok sale orderThe administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. Presi...
- ByteDance says proposal for TikTok partnership will need both Chinese and U.S. approvalThe proposal, submitted to the Trump administration over the weekend, envisages Oracle becoming a "trusted" technology partner and making T...
- Trump says Oracle close to TikTok deal as ByteDance aims for majority ownershipPresident Donald Trump said on Tuesday he had heard Oracle Corp was very close to a deal over ByteDance's TikTok, even as sources said the ...
- ByteDance drops TikTok's US sale, to partner with Oracle: ReportByteDance had been in talks to divest TikTok's U.S. business to either Oracle or a consortium led by Microsoft Corp after U.S. President Do...
- ByteDance investors seek to use stakes to finance TikTok bid - SourcesByteDance has been in talks to divest TikTok's North America, Australia and New Zealand operations to potential acquirers, including Micros...
- Oracle enters race to buy TikTok's U.S. operations: ReportMicrosoft is particularly interested in buying TikTok in Europe and India, where it was recently banned by the Indian government after bord...
- Trump orders ByteDance to divest interest in U.S. TikTok operations within 90 daysTikTok has come under fire from U.S. lawmakers over national security concerns surrounding data collection. Last week, Trump issued an exec...
- China's ByteDance offers to forgo stake in TikTok to clinch US deal: SourcesUnder the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, the sources sa...
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