Microsoft Corp. MSFT, +0.54% shares rose slightly Friday after multiple media reports that it is in talks to buy TikTok because President Donald Trump is set to order the dance app’s Chinese owner, ByteDance, to divest its ownership of TikTok’s U.S. operations.
Shares of Microsoft climbed about $2 after the news was first reported by Bloomberg, but closed up $1.11, or 0.5%, at $205.01 as the Wall Street Journal and others followed with similar reports, citing sources familiar with the negotiations. Wedbush Securities said in a note to clients Friday that TikTok — which has denied passing on information to the Chinese government but has increasingly been targeted as a security threat by U.S. officials — is valued at $50 billion in the private markets.
Microsoft stock is up 0.1% after hours, and has increased 30% this year. In contrast, the S&P 500 Index SPX, +0.76% is up about 0.4% so far.
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Why Microsoft would consider buying TikTok, according to analysts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. And of course Microsoft have a great record when it comes to big acquisitions 🤫 Must protect stuff from China to please our great leader Winnie the Pooh. You dumb asses. The Chinese Communists Party uses it to spy. That's why Trump wants to ban it. Communists are boneheaded fucktards. Henry Blodget is a felon.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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, against a backdrop of rising Sino-U.S. tensions over its hit non-China video app TikTok. TikTok should be banned , its a spy agency for the Xinjinping longterm abusive regime against people worldwide & minorities as the Uyghurs and the people of HongKong & others .. BoycottTikTok Boycott_China coronavirus
Source: Reuters - 🏆 2. / 97 Read more »