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> The VCs and record labels must be madly trying to get their investment back out of this. TikTok are suing the US Administration so they're not forced to sell
by mythz 6y ago
> The VCs and record labels must be madly trying to get their investment back out of this.
TikTok are suing the US Administration so they're not forced to sell their US operations [1].
From what I can see TikTok have only had a recent 3B funding round on Softbank (after becoming popular at 75B valuation) and could only find 1x 100M funding round for musical.ly (at 500M valuation). Considering the expected sale price for the US part of their business is circa 50B, even SoftBank are likely to get many times return on their investment. Early investors must be due for an insane return.
https://newsroom.tiktok.com/en-au/tiktok-files-lawsuit https://newsroom.tiktok.com/en-au/tiktok-files-lawsuit