In 50 Words: ByteDance to buy back shares at $160 apiece

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In 50 Words: ByteDance to buy back shares at $160 apiece

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TikTok’s parent company ByteDance has confirmed a plan to buy back shares from its non-US employees at US$160 per share, offering them liquidity options. The share price values the company at US$223.5 billion, a 26% decrease from the previous year.

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