ByteDance to Buy Back Shares at $400 Billion Valuation

ByteDance is planning to buy back up to $6 billion in shares from existing investors at a valuation of about $400 billion, according to sources and a shareholder letter. This valuation marks a 20% increase from the company's previous buyback a year ago. Sources say the valuation increase follows ByteDance's deal with the Trump administration in January to prevent a U.S. TikTok ban. Open article →