TikTok Owner Sells VerSe Shares to Canadian Pension Plans
Posted on 06/05/2022
ByteDance Ltd., the owner of the TikTok social media app, sold its ownership stake in VerSe Innovations through a secondary share sale to existing investors Ontario Teachers Pension Plan (OTPP) and Canada Pension Plan Investment Board (CPPIB). ByteDance reportedly sold more than 139,774 VerSe shares to OTPP. ByteDance sold over 162,750 VerSe shares to CPPIB.…
