TikTok parent ByteDance's valuation hits $300 billion, sources say


FILE PHOTO: The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo

(Reuters) -TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters.

ByteDance reached out to investors in recent weeks, offering a price of $180.70 per share, the people said.

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