ByteDance is planning a share buyback of up to $6 billion at an estimated valuation of about $400 billion, according to people familiar with the proposal reviewed by Bloomberg and referenced by other outlets.
The buyback would represent a roughly 20% increase versus a similar program carried out about a year earlier, the available reporting indicates. The plan is described as being aimed at repurchasing shares from investors.
Across coverage, two outlets explicitly point to reporting by The Information, framing the development as a market/company update tied to ByteDance’s capital actions. Bloomberg provides the most detail in the provided material, including the comparison to the prior year’s program and the specific valuation level; the other summaries provided largely repeat that core claim without additional figures or contextual detail.
