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US Treasury bought yen in July; Fed made no solo FX interventions in Q3
By Jenna Larson
TikTok-owner ByteDance plans buyback at $400 billion valuation, The Information reports
Tommy Anderson
Tommy Anderson
Reporter · Fargo, ND
Tommy Anderson is a community reporter with a knack for uncovering local stories that matter. He has a journalism degree from Minnesota State University Moorhead and has reported for several local news organizations over his eight-year career.
More from Tommy →Reporter · Friday, November 13, 2026 at 1:01 AM · 1 min read
Nov 12 (Reuters) – ByteDance, the Chinese owner of TikTok, is planning to buy back up to $6 billion worth of shares from existing investors at a valuation of about $400 billion, The Information reported on Thursday, citing a letter to shareholders and a person familiar with the plans. Reuters could not immediately verify the report. (Reporting by Carlos Méndez in Mexico City. Editing by Alan Barona)
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