ByteDance reportedly plans investor share buyback of up to $6 billion

ByteDance reportedly plans to repurchase up to $6 billion in shares from outside investors at a valuation of about $400 billion, potentially giving shareholders a path to liquidity in the privately held company.

Under the reported terms, ByteDance would offer $241.35 a share, up from $200.41 in its previous investor buyback last November. The roughly $400 billion valuation would be about 20% above the valuation used for the earlier program. Reports describing the plan relied on a shareholder letter and people familiar with or who had reviewed the proposal. The letter is not public.

The reports also said the proposal would push to Dec. 11, 2030, the deadline for ByteDance either to go public or to let outside shareholders require the company to repurchase their full stakes. ByteDance began offering investor buybacks in 2022 and has run the program annually since then, according to the reports.

The buyback remains a proposal, not a completed transaction or a public-market valuation. ByteDance had not posted a matching newsroom announcement when the source review concluded. The reports did not give an acceptance window, settlement date, investor eligibility rules or funding source. They also did not establish how much stock investors will tender or how much of the authorization ByteDance will ultimately use.