ByteDance investors are looking to buy TikTok assets

 

Some of the investors in ByteDance (BDNCE), including investment firm General Atlantic, want to take large stakes in TikTok’s North America, Australia, and New Zealand operations while Microsoft (NASDAQ:MSFT) or Oracle (NYSE:ORCL), which are also vying to buy the units, would get a minority stake under the plan. The news comes after reports that TikTok is preparing to legally challenge President Trump’s executive order banning transactions between the popular short-form video app and parent ByteDance. The assets for sale may be valued $25 Billion – $35 Billion, sources told Reuters. The ByteDance investors are discussing exchanging some or all of their shares in ByteDance with equity in the TikTok assets, they said.

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