According to Bloomberg, ByteDance plans to buy back up to $6 billion of shares from investors at a $400 billion valuation, with an offer price set at $241.35 per share, according to people who reviewed the proposal. The valuation represents a 20% increase from a similar buyback program a year earlier.

ByteDance also proposes extending by four years the deadline to either go public or allow outside shareholders to sell back their entire stakes, with the new deadline set for December 11, 2030. Additionally, the company plans to offer employees in its AI division a total of 300 million tracking shares tied to the value of that AI business.

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