Sept 3 (Reuters) – Bytedance has secured a $29.6 billion loan, Bloomberg News reported on Thursday, citing people familiar with the matter. The Chinese tech giant was originally seeking a $20 billion facility, but increased the size after gathering strong commitments from banks, Bloomberg News reported. Reuters could not immediately verify the report. (Reporting by Nethra Sailesh […]
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ByteDance gets $30 billion loan, Bloomberg News reports
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Sept 3 (Reuters) – Bytedance has secured a $29.6 billion loan, Bloomberg News reported on Thursday, citing people familiar with the matter.
The Chinese tech giant was originally seeking a $20 billion facility, but increased the size after gathering strong commitments from banks, Bloomberg News reported.
Reuters could not immediately verify the report.
(Reporting by Nethra Sailesh in Bengaluru; Editing by Mrigank Dhaniwala)