Published: 13:01, March 15, 2023 | Updated: 13:06, March 15, 2023
Report: Abu Dhabi's G42 acquires $100m ByteDance stake
By Reuters
Employees walk outside the headquarters of ByteDance, the owner of video sharing app TikTok, in Beijing on Aug 5, 2020. (PHOTO / AFP)
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.
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