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Market Chatter: ByteDance Said in Preliminary Talks for $20 Billion Loan

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TikTok owner ByteDance is in early talks for its biggest-ever offshore loan, Bloomberg News reported Wednesday, citing unnamed sources.

The Chinese social media conglomerate's three-year new-money loan is expected to be worth roughly $20 billion and would come with the option to extend to five years, the report said. Potential use of proceeds is still unclear.

ByteDance did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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