Sources said that Bytedance investors discussed the use of equity to raise funds for the TikTok bid

How TikTok went from a fun viral app to a US national security concern

How TikTok went from a fun viral app to a US national security concern

According to reports, people familiar with the matter revealed that Bytedance’s investors are in negotiations, hoping to use their stake in the company to fund the acquisition of TikTok . Bytedance has been negotiating with potential acquirers including Microsoft, hoping to divest TikTok’s North American, Australian and New Zealand operations.

It is reported that some Bytedance investors, including investment company General Atlantic, are racing to hold a large number of shares in TikTok’s assets sold. According to the restructuring plan, Microsoft or Oracle may acquire a minority stake in these assets.

The source said that the value of the assets TikTok intends to sell may be between 25-30 billion US dollars. TikTok and General Atlantic both declined to comment, while Bytedance, Microsoft and Oracle did not immediately respond to requests for comment.

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