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The new offer, earlier reported by the South China Morning Post, is pitched at $160 per share, the same level as ByteDance offered to employees in November, the people said, asking not to be named discussing a private matter.
(Bloomberg) -- ByteDance Ltd., parent of social video phenom TikTok, is offering to buy back up to $5 billion from investors, according to people familiar with the matter.Most Read from BloombergBiden Says He Might Not Have Sought Reelection If Trump Weren’t RunningTreasury Frenzy Drives 10-Year Yield Below 4.2%: Markets WrapTruck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune India Stock Value Tops $4 Trillion, Narrowing Gap With Hong KongMoody’s Cuts China Credit Outloo
ByteDance Ltd., the parent company of popular social video platform TikTok, is offering to buy back up to $5 billion from investors at $160 per share, the same level offered to employees in November, Bloomberg Business reported.
ByteDance Ltd., parent of social video phenom TikTok, is offering to buy back up to $5 billion from investors, according to people familiar with the matter. The new offer, earlier reported by the South China Morning Post, is pitched at $160 per share, the same level as ByteDance offered to…
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