ByteDance Offers Investors a Share Buyback , at $268 Billion Valuation. The TikTok owner wants to buy "$5 billion worth of shares from investors," Reuters reports. ByteDance is offering to buy them for $160 each, according to anonymous sources. That price, which the company also offered to its employees in November, . would give the company a $268 billion valuation. That valuation is about 10% lower than a year ago when ByteDance carried out a different share buyback plan, Reuters reports. . ByteDance has been moving toward new areas like e-commerce, . while winding down its gaming brand, Nuverse. ByteDance made the announcement about its gaming division on Nov. 27. We regularly review our businesses and make adjustments to center on long-term strategic growth areas. , ByteDance spokesperson, via Reuters. Following a recent review, we've made the difficult decision to restructure our gaming business, ByteDance spokesperson, via Reuters. Nuverse has been in operation for four years.
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