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.
There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok sale. Analysts have suggested that China may agree to a TikTok sale if Trump backs down on tariff threats.
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.
President Donald Trump is in talks with "numerous, very substantial people" about a TikTok deal - but not Oracle.
In July 2020, then-President Donald Trump told reporters aboard Air Force One ... where TikTok’s parent company, ByteDance, is based. His campaign released political ads on Facebook and Instagram accusing TikTok of "spying" on users.
President Donald Trump said Monday evening that Microsoft is among the U.S. companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April.
President Donald Trump signed an executive order to further delay the TikTok ban in the U.S. In a statement shared hours after he was sworn in on Monday, Jan. 20, Trump announced he was giving TikTok 75 more days before a law banning the social media platform in the U.S. would take effect.
This story incorporates reporting from ABC, Shacknews and USA Today.President Donald Trump announced earlier this week that Microsoft is engaged in discussions with ByteDance to acquire TikTok.
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.
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.