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 ...