Social media

The company, controlled by billionaire Larry Ellison, has made a preliminary approach to other parties, including the venture capital firm Sequoia Capital, to partner with it in a bid for the app’s operations in the U.S., Canada, Australia and New Zealand, reports Bloomberg News.

A deal would give the software company a popular social-media service and relieve U.S. government pressure on the Chinese owner of the video-sharing app.

ByteDance has emerged as the world’s most valuable startup on the popularity of TikTok, where more than a billion, largely young, users share short clips of lip-syncing and dance videos.

21st Century Fox is leading a $100 million investment round in social broadcasting startup Caffeine. Existing investors Andreessen Horowitz and Greylock Partners also participated in the round. The deal comes as consumers are watching more content across social media and mobile devices.

“Content becomes a way in which LLR is able to demonstrate the type of value we bring to the table,” explains LLR Partners managing director Michael Sala in this video interview about the firm’s GrowthBits series and its social media strategy. LLR won Mergers & Acquisitions’ M&A Mid-Market Award for 2017 Private Equity Firm of […]