TikTok-owner ByteDance plans buyback at $400 billion valuation, The Information reports

TikTok owner ByteDance plans US$6 billion buyback at US$400 billion valuation

The move comes as the company ramps up enticements to recruit and retain AI talent Read more at The Business Times.

ByteDance Plans $6 Billion Buyback at $400 Billion Valuation

ByteDance Ltd. plans to buy back up to $6 billion of shares from investors at a valuation of about $400 billion, marking a 20% uptick from a similar program a year ago, according to people who’ve reviewed the proposal.

TikTok-owner ByteDance plans buyback at $514b valuation, The Information reports, Money News

ByteDance, the Chinese owner of TikTok, is planning to buy back up to US$6 billion (S$7.7 billion) worth of shares from existing investors at a valuation of about US$400 billion, The Information reported on Thursday (Nov 12), citing a letter to shareholders and a person familiar with the plans.Reuters could not immediately verify the report.[[nid:750483]]

TikTok-owner ByteDance plans buyback at $400 billion valuation, The Information reports

Nov 12 : ByteDance, the Chinese owner of TikTok, is planning to buy back up to $6 billion worth of shares from existing investors at a valuation of about $400 billion, The Information reported on Thursday, citing a letter to shareholders and a person familiar with the plans.Reuters could not immediately veri