Abu Dhabi's G42 acquires $100 mln ByteDance stake at $220 bln valuation - Bloomberg News

Reuters | Dubai | Updated: 15-03-2023 09:46 IST | Created: 15-03-2023 09:45 IST
Abu Dhabi's G42 acquires $100 mln ByteDance stake at $220 bln valuation - Bloomberg News
Representative Image. Image Credit: ANI
  • Country:
  • United Arab Emirates

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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