business / news / / South China Morning Post
The deal aimed to transfer US$900 million worth of ByteDance shares, one of the sources said.
A deal is being negotiated to transfer US$900 million worth of ByteDance shares.
KEY POINTS
- The seller initially valued ByteDance at US$550 billion but raised the price after increased interest.
- Multiple buyers are in talks for the equity sale, but no agreement has been finalized.
- ByteDance recently established TikTok USDS Joint Venture to maintain its US operations.
COMPANIES
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