TikTok’s parent company ByteDance is very close to a deal to sell TikTok’s U.S. business, according to two people involved in the negotiations. The front-runners remain Microsoft (together with Walmart) and Oracle (which is teaming up with several investors), according to four people. The Information earlier reported that the price could approach $30 billion, although given the pressure TikTok...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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