Global marketsUpdated November 13

Reports: ByteDance plans buyback at about $400 billion valuation

The Information and Bloomberg report that ByteDance plans to buy back up to $6 billion in shares from investors at a valuation of about $400 billion. The Information cited a shareholder letter it had seen and a person familiar with the plans; Bloomberg cited people who had reviewed the proposal. The valuation is roughly 20% above the one used in a similar buyback a year earlier. The reports describe a plan, not a completed repurchase.

2 publishers2 reports

Coverage started November 13