Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection
Revamped ‘TikTok USA’ Expected Next Month Wesley Hilliard / AppleInsider : US investors to close deal on 50% ownership of TikTok January 22 Sports Business Journal : TikTok sale becomes official, with...
An investor group and AI developer Voltai plan to use AI to design, build, and run a 3GW data center in South Korea, set to cost up to $35B and open in 2028
Jiyoung Sohn / Wall Street Journal :
Grindr board members Ray Zage and James Lu, part of an investor group that owns more than 60%, offer to take Grindr private for ~$3.46B; GRND closes up 18.63%
Sources: OnlyFans owner Fenix is in talks to sell OnlyFans to an investor group led by Forest Road Company at an ~$8B valuation and is also considering an IPO
Guess that'll change. — www.reuters.com/world/europe... Phil Lewis / @phillewis : The owner of OnlyFans is reportedly in talks to sell the company to investor group at about $8 billion value X: @ray...
Elon Musk's $97.4B OpenAI offer could force OpenAI's board to reassess how it is valuing the nonprofit, which could cost Sam Altman even though he rejected it
Trump's clashes abound Euan O'Byrne Mulligan / The i Paper : Elon Musk-led group of investors bid $97bn for ChatGPT maker OpenAI George Bunn / GB News : Elon Musk shut down by ChatGPT boss after launc...
In response to Elon Musk's $97.4B OpenAI bid, Sam Altman says on X “no thank you but we will buy twitter for $9.74 billion if you want”; Musk replies “swindler”
OpenAI CEO and co-founder Sam Altman appeared to shut down a reported offer from an investor group led …
MrBeast joins a US investor group led by Employer.com founder Jesse Tinsley that made an all-cash bid to acquire TikTok US; several groups have shown interest
Alexandra S. Levine / Bloomberg :
After the House vote, Chinese officials say the US has shown “robber's logic” toward TikTok, and Washington must “stop unfairly suppressing foreign companies”
TIKTOK IS LESS OF A DANGER TO THE USA THAN META (FACEBOOK!), WHICH IS A TRUE ENEMY OF THE PEOPLE. Jessica Kwong / Metro.co.uk : Trump's ex-treasury secretary is trying to buy TikTok amid ban threat Mo...
Sources: a16z Crypto made a secret $100M investment in Kickstarter in 2021 that let staff and investors cash out and led to its later-abandoned blockchain pivot
In early December 2021, employees at the crowdfunding startup Kickstarter got news of a windfall: An investor group wanted to buy some of their shares.
Internal email: Fanatics is selling its 60% stake in sports NFT company Candy Digital to an investor group led by Mike Novogratz's Galaxy Digital
Ian Thomas / CNBC :