With Twitter’s recent deal with ByteDance, the question remains: Who is buying TikTok? ByteDance is one of China’s largest social media companies and is valued at $100 billion. If the Chinese government bans TikTok, the company’s value will decrease by 50%. Currently, the only major tech company with greenlight for a purchase is Microsoft, which could end up paying more than that.
It is unclear if Amazon or Microsoft are purchasing TikTok, but the owner has chosen Oracle as a technology partner and rejected the Microsoft acquisition offer. Regardless of who is buying the company, it’s important to know the terms of any potential deal. Although both companies have not confirmed the deal, it’s likely that the deal will be announced soon. If the Chinese government bans TikTok, it will remain in business and continue to be an important part of the social media scene in the United States.
The US government has also been interested in a sale of TikTok, but it has not yet been finalized. It is unclear if the US government will approve the deal. The Chinese government has blocked U.S.-based companies from selling their products and services, but the deal is a potential way for both countries to benefit. While Walmart’s investment isn’t likely to be a game-changer, it could help boost Oracle’s computing power. Additionally, the US company owns ByteDance, which is a video-sharing application.
The company’s CEO and chairman, Larry Ellison, have publicly acknowledged talks with TikTok before any agreement was reached. However, Microsoft’s CEO and Chairman have repeatedly rejected the offer from Microsoft. It has been noted that the Chinese company’s decision to reject a deal with Microsoft was a result of the White House’s concerns over the app’s potential sale to Microsoft. In addition to acquiring the company, the U.S. government’s governing body has imposed a ban on TikTok in the U.S.
Aside from Oracle, Microsoft’s acquisition of TikTok would boost its computing workload capabilities. The U.S. government’s deal with TikTok may also help resolve a geopolitical conflict between the two nations. The Chinese-Owned company of TikTok, by the way, has already sent a proposal to the Treasury Department, announcing its intention to buy the U.S. company. This deal is controversial for two reasons: First, it could be a good deal for both companies. Second, it would be beneficial for the U.S. and China.
Despite the geopolitical controversy, the Chinese company has already signed a deal with Walmart. The U.S. company will acquire a majority stake in the company, which will control the other 20%. In return, it will get a portion of the U.S.-based business. In return, the Chinese business will receive a share of the profits. In addition, the Chinese deal is also a good sign for the United States, as it would make it possible to do business with TikTok’s user base.
The Chinese company has made it clear that it does not want to sell its U.S. operations. Apple’s interest in TikTok, however, is a red flag for the company. The United States government may be trying to control its social media platform, citing concerns about potential privacy and safety. As a result, the US will block the Chinese business from transferring its technology to other countries.
There are several questions about the Chinese company’s intentions. The deal with the Chinese company could be a way for the Chinese government to collect data on Americans who use the app. But Apple’s CEO also denied any interest in TikTok. As for the US market, however, it is not entirely clear that the deal between Microsoft and the Chinese government is a good one. The U.S. companies’ deals are not mutually exclusive.
While Microsoft has been the top company in the bidding for TikTok?, a potential U.S. partner, and Google are all other potential buyers. Among the three, Oracle will likely buy TikTok in its entirety, while Microsoft will purchase only the U.S. operations. In addition to the Chinese government, ByteDance will not sell the U.S. operations of the social media company.