G42 acquired a $100m-plus stake from existing investors in recent months through its 42XFund, Bloomberg reported
The fresh capital will support iMile’s plans to hire more engineers in China and invest in its technology
Divergent positions could scuttle the deal as US ban looms
A deal between ByteDance, TikTok’s parent company, and Oracle will look more like a corporate restructuring than an outright sale, sources said
Oracle joins early front runners Microsoft and Twitter in bid to buy video-sharing site
US President agrees to 45-day window for negotiations between Microsoft and ByteDance
US alleges ByteDance could turn over Americans’ user data to the government in China