ByteDance is offering to buy as much as $6 billion of stock back from its investors at $241.35 a share, which values the company at about $400 billion and is roughly 20% above last year’s similar program, according to The Information and Bloomberg. ByteDance also wants four more years before it must go public or let outside shareholders sell their whole stakes back to it, moving that deadline to December 11, 2030. The same shareholder letter lays out a plan to give employees in its AI division 300 million shares tied to the AI business’s own value, as ByteDance tries to recruit and hold on to AI talent while it works on a personal assistant similar to Meta’s Muse.
