As TikTok fights to keep its popular video app available in the US, investors in parent company ByteDance Ltd. are being forced to re-evaluate financial prospects for a business valued at more than $300 billion as recently as late last year.
However, two publicly traded investment companies hold shares of ByteDance, and anyone can buy shares in them. KKR, along with SoftBank and General Atlantic, originally invested in ByteDance in 2018.
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
U.S. private equity groups have invested billions in data centers serving TikTok owner ByteDance, Kaye Wiggins, Eleanor Olcott, Owen Walker,
After five and a half years as Global Head of Music Business Development at ByteDance, Ole Obermann will be leaving the company next month for a new opportunity, still in music. Following Obermann’s departure at the end of March,