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 offering to buy back shares at a higher valuation than six months ago as it launches a new share repurchase program for U.S. employees this week, two people familiar with the matter told Reuters on Tuesday.
ByteDance told its U.S.-based employees that it is offering $189.90 per share, the people said. The price marks an increase of 11% from the per share price of $171 in their share buyback program from a year ago and $181 from six months ago.
