ByteDance valued at $550 billion in proposed share sale by General Atlantic
Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at $550 billion, two people with knowledge of the matter said, marking a dramatic rise in the privately held shares.
The potential stake divestment will be the first since the Trump administration cleared the sale of the U.S. interests of ByteDance’s TikTok unit in January, and marks a 66% jump in value since a share buyback last year priced the company at more than $330 billion.
