Overview

• The offer to current employees is $200.41 a share, up 5.5% from $189.90 about six months ago.
• The buyback is expected to launch in the autumn and, unlike many peers, is funded from ByteDance’s own balance sheet.
• Most sales are generated in China and the company is profitable overall, while TikTok’s U.S. unit has been loss-making, according to the reporting.
• The U.S. divestiture deadline for TikTok’s American assets was extended to September 17 by President Donald Trump.
• A potential U.S. sale is described as a joint venture with an investor consortium including Susquehanna International Group, General Atlantic, KKR and Andreessen Horowitz, with Blackstone no longer participating.