China's ByteDance is offering to buy back shares from its investors, allowing them the chance to cash in after the TikTok owner ruled out plans for an initial public offering
Beijing-based company’s offer to cash out shareholders values the company at $300 billion, down from earlier peaks
Google, Meta and ByteDance are in a battle for supremacy in the short-video format. WSJ’s Miles Kruppa breaks down how each company is doing and shares insight into which platform might come out on top. Illustration: Ryan TrefesSINGAPORE—China’s ByteDance Ltd.
at around $300 billion, which is higher than most of the recent offers in the private-equity secondary market, people familiar with the matter said.
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