ByteDance seeks $60 bn valuation for TikTok in US deal: Report

China's ByteDance is seeking a valuation of $60 billion for TikTok as Oracle and Walmart take stakes in TikTok's US business, Bloomberg reported. Oracle and Walmart can take up to 20% cumulative stake in TikTok's new US unit called TikTok Global. Both firms would pay a combined $12 billion for their stakes if they agree to a $60-billion asking price.