ByteDance in line for 50% of profits from $14bn TikTok US spin-off
PositiveFinancial Markets

ByteDance is poised to secure 50% of the profits from a $14 billion TikTok spin-off in the US, which highlights the company's advantageous position following a recent deal between Washington and Beijing. This arrangement not only underscores ByteDance's financial strength but also reflects the shifting dynamics in international business relations, making it a significant development for both the company and its investors.
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