China's ByteDance seeks $60 billion TikTok valuation in U.S. deal: Bloomberg News

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China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with...

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take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.

The two companies would pay a combined $12 billion for their stakes if they agree to a $60 billion asking price, Bloomberg reported.ByteDance, TikTok, Oracle and Walmart did not immediately respond to requests for comment on the report. U.S. President Donald Trump on Saturday said that he supported a deal in principle would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier executive order for China’s ByteDance to divest the video app.

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Por que Tik Tok es de Tanta Importancia Para China e USA?. Esta Plataforma Logro Mas Suscriptores q Faceboock Whatsapt y Youtube Juntos. Data de mucho Valor para La Industria del Consumo.

Its not ByteDance but CCP who is dictating the terms. I hope US just ban these useless app like India did.

What was able to make realDonaldTrump change his mind about the supposed risk offered by the APP in question? Probably not much dangerous like they wanted to convince it to be. Example of other Chinese Technologies, 5G Huawei ... But, trust Trump, is very dangerous!

Damn!!!! This is too much

🤣🤣🤣

It’s got infrastructure and new servers woohoo now become the next Kmart slash aol

UK's Reuters is truly obsessed with China's stories.

China's spyware TikTok is not worth one red cent.

Anyway American first go in China is no Facebook or tweet or WhatsApp

Did Oracle stock go up?

Just ban the app and save $60 billion. Snowflakes will melt without their daily dose of cringe and that is a good thing.

I’m sure the western countries can do without tiktok. Just like China can do without Facebook and instagram.

Sound like Trump is involved in his favorite pass time: extortion. How much do you think Trump will make on this deal? From Walmart? From Oracle?

$60 b for a CCP spyware LOL

Hope they get it!

Are you racist, Reuters? Label company 'China', will you label label yourself UK?

😂 for that Vine knockoff?

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