Business · Companies · 1 hr ago

ByteDance plans share buyback of up to $6 billion at $400 billion valuation

ByteDance plans share buyback of up to $6 billion at $400 billion valuation

ByteDance plans a share buyback of up to $6 billion at a valuation of $400 billion.

The company also plans to offer 300 million tracking shares to AI division employees.

These shares would be tied to the performance of ByteDance’s AI unit.

The plan connects employee compensation to the value of the AI division.

A buyback lets a company purchase its own shares, while the proposed valuation indicates how much ByteDance is valued at for this plan.

The source gives no timing or further details about when either plan would take effect.

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