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Searching for 'Trump Deal'. (Return)

Wall Street Journal US BusinessAug 09, 2020
Tech, Financial Firms Eye Ways to Save TikTok's U.S. Operations From Ban
Several investment and technology firms are exploring a potential deal for the U.S. operations of TikTok, which is facing a Trump administration ban, but they each would have to surmount hurdles at least as high as the Chinese social-media platform's main suitor, Microsoft.

Yahoo BusinessAug 09, 2020
Twitter Held Early Talks To Buy TikTok's US Operations - Report
Twitter Inc. has reportedly held preliminary talks to buy the US operations of the video-sharing app TikTok, which the Trump administration has declared a national-security threat due to its Chinese ownership.It is unclear whether Twitter (TWTR) will pursue a deal with TikTok's Beijing-based owner ByteDance Ltd., which would face significant challenges, the Wall Street Journal reported.Microsoft Corp. (MSFT), which last Sunday said that it is prepared to continue negotiations to buy TikTok's US operations after talking to President Trump, is considered the front-runner for any possible deal. Twitter is seen as a long-shot bidder, given that it is much smaller than Microsoft and would have a harder time paying for the deal - and the software giant is further advanced in negotiations.President Trump set a Sept. 15 deadline for TikTok to find a buyer for its US operations by or face a ban. On Thursday, the White House issued an executive order that would bar people in the US from transactions with ByteDance.It is not clear what the valuation of TikTok's US operations would be, but estimates run into the tens of billions of dollars, which raises questions about how Twitter would finance any deal. Twitter's market capitalization is about $29 billion and Microsoft's is more than $1.6 trillion.Because of its smaller size, Twitter believes it would be unlikely to face the same level of antitrust scrutiny as Microsoft or other potential bidders.Twitter would most probably need help from other investors if it doe
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