TikTok-owner ByteDance plans buyback at $400 billion valuation, The Information reports
FILE PHOTO: The TikTok app logo is seen in this illustration taken January 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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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 verify the report.
Source: Reuters
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