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TikTok parent ByteDance’s valuation hits $300 billion, sources say

Livemint · 4m

TikTok's parent company, ByteDance, is reportedly valuing itself at approximately $300 billion. The company has approached investors with a share buyback program, offering a price of $180.70 per share, representing a 12.9% increase from the previous buyback program. ByteDance is conducting these buybacks to provide liquidity and has no immediate plans for an initial public offering. This is the third buyback program for ByteDance, which has been facing legal challenges in the U.S. over its TikTok assets.