TikTok parent ByteDance to buy back $3 billion worth of shares -- report

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TikTok parent ByteDance to buy back $3 billion worth of shares -- report
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China-based ByteDance, the privately held parent of social media app TikTok, is looking to repurchase $3 billion of its shares, to help improve liquidity...

China-based ByteDance, the privately held parent of social media app TikTok, is looking to repurchase $3 billion of its shares, to help improve liquidity positions of some of its shareholders, according to a Reuters report. The buyback would value ByteDance at about $300 billion, Reuters reported, citing a memo to investors seen on Friday.

... China-based ByteDance, the privately held parent of social media app TikTok, is looking to repurchase $3 billion of its shares, to help improve liquidity positions of some of its shareholders, according to a Reuters report. The buyback would value ByteDance at about $300 billion, Reuters reported, citing a memo to investors seen on Friday.

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