US EditionTikTok owner ByteDance sets valuation at over $330 billion as revenue grows: Reuters
- ByteDance is required by legislation passed last year to sell off TikTok's U.S. operations by January 19, 2025, to avoid a complete ban of the app across the United States.
- The deadline was extended to September 17, 2025, by President Trump, who granted multiple reprieves amid ongoing trade talks with Beijing.
- If the sale is completed, TikTok's U.S. operations will be controlled by a partnership consisting of a group of American investors—including Susquehanna International Group, General Atlantic, KKR, and Andreessen Horowitz—with ByteDance retaining a minority interest.
- ByteDance's revenue for the second quarter increased by 25% year-on-year to approximately $48 billion, exceeding Meta's $42.3 billion and strengthening its standing as the top social media company globally in terms of revenue.
- ByteDance plans a new employee share buyback offering $200.41 per share, valuing the company above $330 billion and potentially boosting morale among U.S.-based staff amid political uncertainty.
31 Articles
31 Articles
ByteDance Rakes in More Cash Than Meta but Faces TikTok Troubles
WASHINGTON D.C (VINnews)-ByteDance, the parent company of TikTok, is pulling in more money than Meta but continues to face mounting political headwinds in the United States. Join our WhatsApp group Subscribe to our Daily Roundup Email The Chinese tech giant is launching a new employee share buyback program at $200.41 per share, giving the company […]
TikTok Parent Overtakes Meta In Revenue, Valuation Soars To $330 Billion Despite US Sale Pressure, Ban Threats: Report - Meta Platforms (NASDAQ:META), KKR (NYSE:KKR)
ByteDance, the Chinese tech giant behind TikTok, is reportedly preparing a new employee share buyback program that will value the company at more than $330 billion, even as it faces intense political scrutiny in the U.S. and pressure to divest TikTok's U.S. operations. ByteDance Raises Valuation With Buyback Plan ByteDance will offer employees $200.41 per share, a 5.5% increase from its last buyback six months ago that valued the firm at about $…
TikTok owner ByteDance sets valuation at over $330bn
ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330 billion, driven by continued revenue growth, said three people with knowledge of the matter.
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