A post by @FirstSquawk on X.

ByteDance will repurchase up to $6 billion of its own shares from investors in a deal that values the company at roughly $400 billion, according to The Information. The buyback marks one of the largest recent liquidity events for shareholders in the privately held parent of TikTok, which has faced years of regulatory pressure and limited exit options. The $400 billion valuation underscores ByteDance's standing as one of the world's most valuable private companies despite uncertainty surrounding TikTok's U.S. operations. The move matters because it offers existing backers a path to cash out without a public listing, while setting a fresh price benchmark for the company's equity. What to watch next is whether the buyback signals progress toward an eventual IPO and how the valuation holds up in future tender offers or secondary sales.