ByteDance Valuation Hits $300 Billion Amid Buyback Plans

TikTok parent ByteDance is valuing itself at $300 billion following a recent share buyback offer at $180.70 per share, a 12.9% rise from its last buyback price of $160 in December 2023. This marks ByteDance's third buyback program since 2022, providing liquidity as it avoids IPO plans. The company reported $110 billion in revenue last year, up 30%. Meanwhile, ByteDance faces U.S. legal challenges, with a January 2024 deadline to divest TikTok or face a ban over national security concerns. ByteDance and TikTok are contesting the law in court.

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