[ByteDance Plans to Buy Back Up to $6 Billion Worth of Shares at a $400 Billion Valuation] According to The Information, ByteDance plans to buy back up to $6 billion worth of shares from existing investors at a valuation of approximately $400 billion. This valuation is 20% higher than the previous buyback round a year ago. The report comes from a letter to shareholders and a source familiar with the matter. Bloomberg also reports that the buyback price will be $241.35 per share. ByteDance has also proposed postponing the deadline for "going public or allowing external shareholders to sell all their shares" by four years, to December 11, 2030.