(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. (This story has been corrected to fix the day to Tuesday […]
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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.
(This story has been corrected to fix the day to Tuesday from Wednesday in paragraph 1)
(Reporting by Rahat Sandhu in Bengaluru; Editing by Rashmi Aich)