ByteDance’s valuation has climbed in a series of buybacks, the Journal said, noting a valuation of almost US$225 billion in a tender offer to employees in October 2023.
A December 2023 buyback boosted the valuation to US$268 billion, the Journal said, citing a company email to investors seen by the paper.
President-elect Donald Trump once favored the pending TikTok ban but has more recently suggested it’s a bad idea.
Though any reversal or softening of the ban would be complicated, Trump’s election victory “significantly improves the picture for TikTok — no question about it,” former National Security Agency General Counsel Glenn Gerstell said in an interview with Bloomberg.
