The loan is expected to be around $20 billion with preliminary talks taking place with multiple banks. The tenure could be anywhere between three to five years.

ByteDance is in early talks with banks for a roughly $20 billion offshore loan, nearly doubling its record-setting $10 billion facility from September 2024.

June 24 : Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News…