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ByteDance癒礎s Substantial Shareholder: Deal May be Sealed This Weekend for TikTok Staying in US
2025-01-23 08:15:23 ByteDance’s substantial shareholder General Atlantic had its CEO Bilford said he was confident that an agreement can be reached to allow TikTok to stay in the US, and said there may be options that do not require divestment. He said it was in everyone's interest to seal a deal and that the company was committed to securing one, perhaps as soon as the end of this week, contingent on how the negotiations went. The Chinese and American governments, the companies and board of directors were all involved in the discussion, and that there are clauses that do not require divestiture and sales, which will satisfy the requirements of the US authorities. Institutional investors such as General Atlantic and BlackRock (BLK.US) hold a 60% stake in ByteDance, with senior management and employees each holding a 20% stake. ~ AAStocks Financial News Web Site: www.aastocks.com | |