Microsoft weighs TikTok purchase as ad business flattens out

OAKLAND, Calif. - Microsoft Corp could re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok's U.S. operations from ByteDance.

Microsoft generates the bulk of its $143 billion in annual revenue by licensing software such as Windows and Office as well as cloud storage and computing tools through its Azure service. The ad market research company eMarketer has estimated LinkedIn's ad revenue at about $2 billion annually in the United States alone. But Microsoft also said this month LinkedIn ads sales have fallen this year as the novel coronavirus pandemic prompted advertisers to pare spending.

Without an entertainment service aimed at a broad audience, Microsoft has struggled to capture the increasingly lucrative videos flowing to YouTube, Facebook and more recently TikTok, which widely opened its ad tools this month.

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Exclusive: TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai - sourcesChinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar with the matter told Reuters, ...
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Microsoft weighs TikTok purchase as ad business flattens outMicrosoft Corp could re-energize its advertising business with a huge supply of video if it follows through on acquiring TikTok's U.S. operations ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »