ByteDance, owner of TikTok, announces its value as $300 billion
November 17, 2024
0
Chinese media giant ByteDanshas recently started making offers to its shareholders to buy back their shares. According to these proposals, the company that owns TikTok has set its
Chinese media giant ByteDanshas recently started making offers to its shareholders to buy back their shares. According to these proposals, the company that owns TikTok has set its value at $300 billion.
In fact, ByteDance’s value will rise in September 2022 300 billion dollars It was calculated as . In subsequent valuations, the company’s value declined, falling to $223 billion. Apparently the company thinks that the value has returned to the level of 2022. On the other hand, this valuation will also have consequences for a possible sale or split of the company.
ByteDance is waiting for Trump’s presidency
TikTok is also the new president of the US Donald Trump’s waiting for his period. In April, Joe Biden approved a bill that would allow ByteDance to be banned from operating in the country if it does not sell its short video platform. The company was given 9 months to complete the sale. ByteDance has filed a lawsuit against the US government against this decision.
Donald Trump during his first term Ban TikTok Although he had made a call for this, during the election campaign in which he was elected president for the second time, he shared a post in which he stated that he would save TikTok in America. Jeff Yass, one of the key supporters of the Republican election campaign, is also among ByteDance’s most important investors.
Looking at it from this perspective, ByteDance’s valuation is for lead sales It looks like it will set the bar.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.