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ByteDance Said to Plan Up to $6 Billion Buyback at About $400 Billion Valuation
1 day ago /
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Author：小编
ByteDance plans to repurchase up to $6 billion worth of shares from existing investors at a valuation of approximately $400 billion, according to people familiar with the matter. The buyback price is set at $241.35 per share, up from $200.41 per share in the previous buyback in November last year. Outside shareholders have the right to require the company to repurchase all their holdings by a specified date, and ByteDance proposed in its latest shareholder letter to extend that deadline from December 11 of this year to December 11, 2030. In addition, the company plans to offer employees in its AI business a total of 300 million shares tied to the value of the AI business, a move aimed at rewarding and retaining AI talent.
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