SoftBank is reportedly among the interested investors as digital media company ByteDance targets $3bn at a $75bn valuation.
China-based digital media company ByteDance has begun discussions with investors including telecommunications firm SoftBank over a funding round that could value it at about $75bn pre-money, Bloomberg reported today.
Investment firm KKR and growth equity firm General Atlantic are also involved in the talks and have led negotiations, according to people familiar with the matter. SoftBank plans to invest about $1.5bn, though that could change before any deal closes.
News of the talks comes after a report last month…
