ByteDance Plans to Buy Back Up to $6 Billion of Shares at $400 Billion Valuation

November 13 — According to The Information, ByteDance plans to buy back up to $6 billion of shares from existing investors at a valuation of about $400 billion. That valuation is 20% higher than the previous buyback a year earlier, per a letter to shareholders and a person familiar with the matter. Bloomberg separately reported that the buyback price is $241.35 per share. ByteDance also proposed delaying by four years — to December 11, 2030 — the deadline for going public or allowing external shareholders to sell back all of their shares.