HomeBusinessByteDance gets $30 billion loan, Bloomberg News reports

ByteDance gets $30 billion loan, Bloomberg News reports

Sept 3 : Bytedance has secured a $29.6 billion loan, Bloomberg News reported on Thursday, citing people familiar with the matter. 

The Chinese tech giant was originally seeking a $20 billion facility, but increased the size after gathering strong commitments from banks, Bloomberg News reported.

Reuters could not immediately verify the report. 

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