Exclusive-TikTok parent ByteDance valuation rises in latest share buyback, sources say

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Exclusive-TikTok parent ByteDance valuation rises in latest share buyback, sources say - Channel News Asia

Quick Summary:

TikTok's parent company ByteDance is offering to buy back shares at a higher valuation than six months ago as it launches a new share repurchase program for U.S.employees this week, two people familiar with the matter told Reuters on Tuesday. ByteDance told its U.S.

The app used by 170 million Americans briefly shut down in the U.S.hours before the ban was slated to take effect, then resumed service after President-elect Donald Trump offered a temporary reprieve.

FILE PHOTO: The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023.