Abu Dhabi’s G42 Acquires $100 Million Stake in ByteDance at $220 Billion Valuation
Abu Dhabi-based AI firm G42 has acquired a stake exceeding $100 million in ByteDance, the Chinese parent company of TikTok, valuing it at $220 billion. The stake was bought through G42’s 42XFund from existing investors over the past few months, according to a Bloomberg report citing sources familiar with the deal. The report also noted […]