ByteDance seeks $60bn for TikTok as Trump gives blessing to Oracle/Walmart deal

clock • 3 min read

Oracle and Walmart will take a combined 20 per cent stake of a newly established company TikTok Global

Chinese tech giant ByteDance is seeking a valuation of $60 billion for its video sharing app TikTok under a new agreement that has received the approval of US President Donald Trump. According t...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Young voters targeted with misleading election content on TikTok

Social Networking

BBC investigation finds fake, AI generated videos being shared by genuine users and bots

clock 04 June 2024 • 3 min read
TikTok sues US government

Law

Argues new law violates First Amendment right to free speech

clock 09 May 2024 • 3 min read
US to block TikTok - ByteDance vows to fight back

Legislation and Regulation

Talks about a ban have finally progressed past the theoretical stage

clock 25 April 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Mergers and Acquisitions

SAP to acquire AI startup WalkMe for $1.5bn

SAP to acquire AI startup WalkMe for $1.5bn

Will help customers get 'the maximum value out of their IT investments' says CEO Klein

Mark Haranas
clock 06 June 2024 • 2 min read
Google eyes HubSpot acquisition to challenge Microsoft

Google eyes HubSpot acquisition to challenge Microsoft

Microsoft's Dynamics products dominate the modern CRM sector

clock 28 May 2024 • 2 min read
MariaDB shareholders approve private equity takeover

MariaDB shareholders approve private equity takeover

Majority of shareholders have chosen to support the K1 bid

Vikki Davies
clock 22 May 2024 • 1 min read