Sources: ByteDance offers to buy back up to $5B of shares from existing investors at $160 per share, putting the company’s valuation at $268B, down 11% on 2022 (Zhou Xin/South China Morning Post)

Sources: ByteDance offers to buy back up to $5B of shares from existing investors at $160 per share, putting the company’s valuation at $268B, down 11% on 2022 (Zhou Xin/South China Morning Post)

Zhou Xin / South China Morning Post:
Sources: ByteDance offers to buy back up to $5B of shares from existing investors at $160 per share, putting the company’s valuation at $268B, down 11% on 2022  —  Beijing-based ByteDance, the owner of TikTok, is offering to buy back up to US$5 billion worth of shares from existing investors …