March 5, according to insiders, TikTok’s parent company, ByteDance, launched a new stock repurchase plan for American employees this week, with a per share offer of $189.90. This price has increased by 11% compared to the $171 per share in the stock repurchase plan a year ago, and is also higher than the $181 per share six months ago. Another person familiar with the matter said that in the latest stock repurchase plan, the valuation of ByteDance was about $315 billion. (Reuters)
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