ByteDance’s Latest Employee Buyback Offer Higher at $160 a Share

ByteDance Ltd. has offered to buy back employees’ shares at a price 3% above a previous exercise, aiming to boost morale while conveying confidence about the social media leader’s prospects.

The owner of TikTok and Douyin emailed staff Wednesday with an offer to buy back stock at $160 per share, up from $155 in the buyback program seven months earlier, according to a person familiar with the matter, who asked not to be named as the matter is private.

A ByteDance spokesperson confirmed the latest plan but didn’t provide specifics. The move was aimed at providing liquidity and to help ...