ByteDance Plans $6B Buyback at $400B Valuation, 20% Jump Over Last Year's Round

ByteDance told investors it plans to repurchase up to $6B of shares from existing backers at a roughly $400B valuation, 20% above last year's buyback and up from $268B in late 2023. The TikTok parent, which also builds the Doubao AI family and competes with OpenAI in China, is sticking with private-market tender rounds rather than an IPO after January's deal with the Trump administration carved out U.S. data-security operations.