TikTok parent Bytedance is reportedly considering to reduce its stake in the short-video app. According to reports in The New York Times and The Information, the Chinese firm is planning to sell a majority stake to the existing investors, and will retain minority stake in the platform. The move is an effort to quell the possibility of a ban by the United States (US) government.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com