Source: the TikTok US deal values it at just around $14B; TikTok's US entity makes roughly $14B annually in advertising revenues alone, per analyst estimates
Sara Fischer /Axios:
Axios Sara Fischer
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Discussion
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@sarafischer
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#BREAKING: @TikTok divestiture deal closes - Steve Case's Revolution Ventures, Michael Dell's Family office & Alpha Wave all investors, in addition to Oracle, MGX Silver Lake - $14B deal is a fire sale to avoid a lawsuits TikTok lives to see another day https://www.axios.com/...