TikTok Owner Plans Buyback, Boosting Valuation To Over $330B: Report

ByteDance, the parent company behind TikTok, reportedly plans to initiate a new employee share buyback program, which would place the tech giant’s valuation at or above $330 billion. 

According to a Reuters report citing individuals familiar with the matter, employees are likely to be offered $200.41 per share in the buyback, marking a 5.5% increase from the previous round earlier this year. At the time, the shares were valued at $189.90, giving the company a valuation of around $315 billion. 

The move highlights ByteDance’s financial strength and its strategy to maintain workforce engagement amid uncertain prospects for its U.S. operations. During the first quarter (Q1), ByteDance generated over $43 billion in revenue, surpassing Facebook-parent Meta Platforms Inc. (META), which brought in $42.3 billion, noted the report. This made ByteDance the highest-earning social media company worldwide in that timeframe.

Sources quoted by the report mentioned that for Q2, Bytedance’s revenue surged 25% year-on-year to approximately $48 billion, driven predominantly by its business in China.

A law enacted by the Joe Biden administration in 2024 mandated that ByteDance divest TikTok’s U.S. assets due to national security concerns.

With no deal being finalized, the incoming president, Donald Trump, extended the deadline after he assumed office.

Earlier in July, Donald Trump pushed back the deadline for the sale of a controlling interest in TikTok's U.S. operations to September 17. A proposed deal that had been progressing earlier fell apart after China refused to give its approval, following Trump’s broad “Liberation Day” tariff declarations.

Also See: Accenture Deepens AI, Salesforce Expertise With NeuraFlash Acquisition

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