TikTok parent ByteDance Ltd. is valuing itself around $300 billion, one of the highest valuations ever for the Chinese tech company, even as it fights to maintain its popular social-media app’s presence in the US, the Wall Street Journal reported Bloomberg Terminal Saturday. The valuation came in a recent buyback offer by ByteDance, the Journal said, citing unidentified people with knowledge of the matter. TikTok would be banned in the US under a federal law unless ByteDance sells the app to an American owner by mid-January.

Source: Wall Street Journal November 16, 2024 20:23 UTC