Technology giant Microsoft recently confirmed that it was speaking with TikTok about a potential purchase of the viral app’s operations in the US and other countries, and this led to a significant surge in the company’s stock price and total value.
Business Insider noted that Microsoft’s percentage value had increased by more than 5% as a result of the news, corresponding to an accumulation of approximately $77 billion in Microsoft’s overall market value. The company is now worth more than $1.6 trillion.
Microsoft plans to complete its acquisition discussions with TikTok owner ByteDance until September 15. The social media platform Twitter would also be interested in buying TikTok’s operations in the United States. Apple, Google and Facebook have also reportedly expressed some interest in buying TikTok. As far as it’s worth, the Facebook Instagram app just added a new feature called “Reels” that borrows the fundamental concept of TikTok.
CNBC reported that Microsoft could end up paying between $10 billion and $30 billion to get TikTok’s operations in the U.S., determining how the deal is being implemented and the corporate percentage that Microsoft can assume. This would make it one of the largest acquisitions of Microsoft in its history in the acquisition price. By comparison, Microsoft paid $26.2 billion to buy LinkedIn, while the company paid $8.5 billion to buy Skype and $2.5 billion to buy Minecraft and developer Mojang.
U.S. President Donald Trump called TikTok and its parent company, ByteDance, founded in China. The president advised that he prohibit TikTok in the United States unless a U.S. company buys its operations in the United States before September 15.
Microsoft shut down the Mixer streaming site last month as it continues its business-related business. It is not known how or whether an acquisition of TikTok can be included in the Xbox business in the run-up to the xbox X Series release. This can be as undeniable as xbox classified ads that appear in the app or more in deep video sharing integration, however, at this point, those are just assumptions.
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