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US House passes bill to force ByteDance to divest TikTok or face ban
March 14, 2024 12:07 pm
WASHINGTON, March 14: The U.S. House of Representatives overwhelmingly passed a bill on Wednesday that would give TikTok's Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app, or face a ban, in the greatest threat to the app since the Trump administration.
ByteDance investors value TikTok at $50 billion in takeover bid - sources
July 29, 2020 19:15 pm
NEW YORK/HONG KONG, July 29: 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.
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