The bankers definitely want in despite this being a heavy lift because the fees on an estimated $20-plus billion deal could be pretty rich.
Microsoft is in discussion to buy TikTok for a purported price of $100 billion (£80bn), US President Donald Trump revealed in a conversation with reporters yesterday. Microsoft has declined to comment.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
TikTok's future is in Donald Trump's hands, as President Joe Biden reportedly has no intention of enforcing a ban set to go into effect on Sunday.
President Donald Trump issued an executive order aiming to temporarily halt a law requiring TikTok to sell U.S. assets or be banned in the U.S.
Donald Trump told a pre-inaugural, MAGA-heavy rally that “TikTok is back,” as he has pledged to sign an executive order that will give the social media platform more time amid a new U.S. law requiring a divestiture from its Chinese parent ByteDance.
The president-elect Sunday pledged an executive order, hours into his second term, returning access for American users, at least temporarily.
US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.
It was apparently a busy weekend for key players involved in Donald Trump's efforts to make a deal to save TikTok. Perhaps the most appealing option for ByteDance could be if Trump blessed a ...
President Donald Trump said late Monday he hoped there would be a “bidding war” for TikTok, claiming Microsoft is now among the companies interested in buying ByteDance’s popular social ...
An investment group with MrBeast as its main face plans to offer more than $20 billion to buy TikTok in the US.