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SoftBank Eyes Joining Deal for TikTok, The Information Reports

Aug. 26, 2020, 5:32 PM

SoftBank, which is a small investor in ByteDance, has been discussing getting involved in TikTok’s sale of its U.S. business, The Information reports, citing unidentified people involved in the talks.

  • It couldn’t be learned whether SoftBank was exploring teaming up with another entity on an existing bid or creating a new effort: The Information
  • Companies are targeting the end of the week to make offers, with ByteDance and its investors expecting multiple bids
  • Two important investors to watch are Susquehanna International Group and Sequoia, which have greater influence over the outcome because of their equity stakes, according to a person ...