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

Quick Summary:

:TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters.

ByteDance reached out to investors in recent weeks, offering a price of $180.

The White House has said it wants to see Chinese-based ownership ended on national-security grounds but not a ban on TikTok.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Bytedance Billion Share Company 2023 Price Buyback Been Investors Tiktok Program

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 00:47:21 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23622597

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Official Website: channelnewsasia.com

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News Last Updated: 14 hours ago

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