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From TheWrap: >But the proposed deal is being complicated by a split between ByteDance CEO Zhang Yiming and General Atlantic and Sequoia Capital, two U.S.-base
by Firebrand 6y ago
From TheWrap:
>But the proposed deal is being complicated by a split between ByteDance CEO Zhang Yiming and General Atlantic and Sequoia Capital, two U.S.-based ByteDance investors with long ties to the Trump administration and Republican causes who both would like to see the sale happen. They approached Ellison to buy TikTok and have reached out to the White House to close the deal, according to two individuals with knowledge of the matter.
>However, Zhang is resisting any sale, the two individuals said, and did not inform his investors before suing the White House on Monday to block any sale. The insiders said Zhang is being advised by Silicon Valley billionaire Yuri Milner, another early investor in Zhang’s company.
Apparently Zhang thinks he can still save his company. Maybe the $45 billion will help change his mind.
https://www.thewrap.com/oracle-nears-20-billion-tiktok-deal-with-white-house-support-exclusive/ https://www.thewrap.com/oracle-nears-20-billion-tiktok-deal-...