Abu Dhabi's G42 acquires $100 mln ByteDance stake at $220 bln valuation - Bloomberg News
Summary
[1/2] A logo of ByteDance at its office in Beijing, China July 7, 2020. REUTERS/Thomas SuenMarch 14 (Reuters) - Abu Dhabi-based artificial intelligence firm G42 acquired a $100 million plus stake in Tiktok-parent ByteDance, valuing the company at $220 billion, Bloomberg News reported late on Tuesday, citing people with knowledge of the matter.Reporting by Rahat Sandhu in Bengaluru; Editing by Rashmi Aich
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