(Corrects to Tuesday from Wednesday in first paragraph) (Reuters) -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. (Reporting by Rahat Sandhu in Bengaluru; Editing by Rashmi Aich)
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Abu Dhabi’s G42 acquires $100 million ByteDance stake at $220 billion valuation – Bloomberg News
(Corrects to Tuesday from Wednesday in first paragraph)
(Reuters) -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.
(Reporting by Rahat Sandhu in Bengaluru; Editing by Rashmi Aich)